# PPP loan: NEW JERSEY BUSINESS SYSTEMS, INC.
> **$551K** approved 04/14/2020 · Exemption 4 · Loan `7443537110`
## Borrower
- **Name:** NEW JERSEY BUSINESS SYSTEMS, INC.
- **Address:** 7C Marlen Drive, Robbinsville, NJ, 08691
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $478K (87%)
- **Forgiveness date:** 07/13/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $551K
- **Jobs reported:** 14
## Lender
- **Originating:** Santander Bank, National Association
- **Servicing:** Santander Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*