# PPP loan: THE STATE THEATRE REGIONAL ARTS CENTER AT NEW BRUNSWICK, INC
> **$771K** approved 04/03/2020 · Paid in Full · Loan `4426047001`
## Borrower
- **Name:** THE STATE THEATRE REGIONAL ARTS CENTER AT NEW BRUNSWICK, INC
- **Address:** 40 LIVINGSTON AVE, NEW BRUNSWICK, NJ, 08901-2521
- **NAICS:** 711110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $771K
- **Initial approval:** $922K
- **Forgiven:** $778K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $724K
- **Health care:** $47K
- **Jobs reported:** 34
## Lender
- **Originating:** Magyar Bank
- **Servicing:** Magyar Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*