# PPP loan: TORAH ACADEMY OF BERGEN COUNTY
> **$1.09M** approved 04/13/2020 · Paid in Full · Loan `4840027110`
## Borrower
- **Name:** TORAH ACADEMY OF BERGEN COUNTY
- **Address:** 1600 QUEEN ANNE RD, TEANECK, NJ, 07666-3609
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $977K
- **Mortgage interest:** $33K
- **Utilities:** $33K
- **Health care:** $43K
- **Jobs reported:** 69
## 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*