# PPP loan: S. STERN & COMPANY, INC.
> **$296K** approved 04/29/2020 · Exemption 4 · Loan `3482927310`
## Borrower
- **Name:** S. STERN & COMPANY, INC.
- **Address:** 118-130 Railroad Ave, PATERSON, NJ, 07501
- **NAICS:** 561920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $288K (97%)
- **Forgiveness date:** 02/10/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $296K
- **Jobs reported:** 33
## Lender
- **Originating:** UMB Bank, National Association
- **Servicing:** UMB Bank, National Association (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*