# PPP loan: WOODMONT PROPERTIES LLC
> **$2.90M** approved 04/07/2020 · Paid in Full · Loan `7438047002`
## Borrower
- **Name:** WOODMONT PROPERTIES LLC
- **Address:** 100 Passaic Ave, Suite 240, FAIRFIELD, NJ, 07004-3508
- **NAICS:** 531311
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.90M
- **Initial approval:** $2.90M
- **Forgiven:** $1.60M (55%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.90M
- **Jobs reported:** 179
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*