# PPP loan: 5 NEWARK AVENUE CORPORATION
> **$182K** approved 04/15/2020 · Paid in Full · Loan `8520107109`
## Borrower
- **Name:** 5 NEWARK AVENUE CORPORATION
- **Address:** 5 NEWARK AVE, SPRING LAKE, NJ, 07762-1416
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $182K
- **Forgiven:** $184K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Jobs reported:** 8
## Lender
- **Originating:** Kearny 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*