# PPP loan: JERSEY ELEVATOR COMPANY INC
> **$1.16M** approved 04/27/2020 · Paid in Full · Loan `5517847201`
## Borrower
- **Name:** JERSEY ELEVATOR COMPANY INC
- **Address:** 657 Line Rd, Aberdeen, NJ, 07747
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.16M
- **Jobs reported:** 65
## Lender
- **Originating:** Investors Bank, A Division of Citizens Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*