# PPP loan: SBM GROUP
> **$328K** approved 04/11/2020 · Charged Off · Loan `3656947110`
## Borrower
- **Name:** SBM GROUP
- **Address:** 629 AMBOY AV STE # 203, EDISON, NJ, 08837-3553
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $328K
- **Initial approval:** $328K
- **Forgiven:** $292K (89%)
- **Forgiveness date:** 04/22/2022
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $328K
- **Jobs reported:** 15
## 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*