# PPP loan: METRO HYDRAULIC JACK CO. OF NJ INC.
> **$195K** approved 03/04/2021 · Paid in Full · Loan `6923608500`
## Borrower
- **Name:** METRO HYDRAULIC JACK CO. OF NJ INC.
- **Address:** 1271 McCarter Hwy, Newark, NJ, 07104-3776
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 02/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $195K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Northeast Bank
- **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*