# PPP loan: MEDICAL SOCIETY OF NEW JERSEY
> **$152K** approved 05/11/2020 · Paid in Full · Loan `5142977404`
## Borrower
- **Name:** MEDICAL SOCIETY OF NEW JERSEY
- **Address:** 2 Princess Road, Lawrence Township, NJ, 08648
- **NAICS:** 812990
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $114K
- **Rent:** $19K
- **Utilities:** $19K
- **Jobs reported:** 11
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*