# PPP loan: IBT LOCAL 641
> **$193K** approved 05/13/2020 · Paid in Full · Loan `5989227408`
## Borrower
- **Name:** IBT LOCAL 641
- **Address:** 714 Rahway Ave, 1st Fl, Union, NJ, 07083
- **NAICS:** 813930
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $194K (100%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $145K
- **Mortgage interest:** $48K
- **Jobs reported:** 10
## Lender
- **Originating:** Northfield Bank
- **Servicing:** Northfield Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*