# PPP loan: NEW BRUNSWICK DEVELOPMENT CORPORATION
> **$437K** approved 01/21/2021 · Paid in Full · Loan `2986988301`
## Borrower
- **Name:** NEW BRUNSWICK DEVELOPMENT CORPORATION
- **Address:** 120 Albany St, New Brunswick, NJ, 08901-2163
- **NAICS:** 531390
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $437K
- **Initial approval:** $437K
- **Forgiven:** $442K (101%)
- **Forgiveness date:** 02/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $437K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Magyar Bank
- **Servicing:** Magyar Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*