# PPP loan: TERM ENTERPRISE, INC.
> **$164K** approved 04/12/2020 · Paid in Full · Loan `3811067107`
## Borrower
- **Name:** TERM ENTERPRISE, INC.
- **Address:** PO Box 1262, Morristown, NJ, 07962
- **NAICS:** 453210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Jobs reported:** 20
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*