# PPP loan: 5 NEWARK AVENUE CORPORATION
> **$183K** approved 02/04/2021 · Paid in Full · Loan `2772688408`
## Borrower
- **Name:** 5 NEWARK AVENUE CORPORATION
- **Address:** 5 Newark Ave, Spring Lake, NJ, 07762-1416
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $183K
- **Initial approval:** $183K
- **Forgiven:** $185K (101%)
- **Forgiveness date:** 03/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $183K
- **Jobs reported:** 8
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*