# PPP loan: INDEPENDENT ALARM, INC.
> **$557K** approved 04/05/2020 · Paid in Full · Loan `5211497004`
## Borrower
- **Name:** INDEPENDENT ALARM, INC.
- **Address:** 7215 Maple Avenue, Pennsauken, NJ, 08109
- **NAICS:** 561621
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $557K
- **Initial approval:** $557K
- **Forgiven:** $562K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $557K
- **Jobs reported:** 43
## Lender
- **Originating:** 1st Colonial Community Bank
- **Servicing:** 1st Colonial Community Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*