# PPP loan: NEWARK TRUST FOR EDUCATION INC.
> **$265K** approved 02/23/2021 · Paid in Full · Loan `3388738508`
## Borrower
- **Name:** NEWARK TRUST FOR EDUCATION INC.
- **Address:** 494 Broad St Ste LL30, Newark, NJ, 07102-3229
- **NAICS:** 611710
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $269K (101%)
- **Forgiveness date:** 07/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $265K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Columbia 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*