# PPP loan: SOURCE INFOTECH INC
> **$2.36M** approved 05/01/2020 · Paid in Full · Loan `5055577709`
## Borrower
- **Name:** SOURCE INFOTECH INC
- **Address:** 3840 PARK AVE STE 205, EDISON, NJ, 08820-2567
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.36M
- **Initial approval:** $2.35M
- **Forgiven:** $2.39M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.36M
- **Jobs reported:** 130
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*