# PPP loan: IDEAL GROUP
> **$250K** approved 07/14/2020 · Charged Off · Loan `3352368110`
## Borrower
- **Name:** IDEAL GROUP
- **Address:** 55 carter drive,212 ideal group, edison, NJ, 08817
- **NAICS:** 441310
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $18K (7%)
- **Forgiveness date:** 09/28/2022
- **Status:** Charged Off
- **Term:** 26 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 7
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*