# PPP loan: JERSEY MORTGAGE COMPANY OF NEW JERSEY , INC.
> **$878K** approved 04/07/2020 · Paid in Full · Loan `6603317000`
## Borrower
- **Name:** JERSEY MORTGAGE COMPANY OF NEW JERSEY , INC.
- **Address:** 511 SOUTH AVE Avenue East, CRANFORD, NJ, 07016-3205
- **NAICS:** 522292
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $878K
- **Initial approval:** $878K
- **Forgiven:** $895K (102%)
- **Forgiveness date:** 02/25/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $659K
- **Utilities:** $220K
- **Jobs reported:** 59
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*