# PPP loan: SOMERSET TECHNOLOGY GROUP LLC
> **$309K** approved 01/30/2021 · Paid in Full · Loan `8875578301`
## Borrower
- **Name:** SOMERSET TECHNOLOGY GROUP LLC
- **Address:** 550 Broad St Ste 804, Newark, NJ, 07102-4540
- **NAICS:** 541519
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $309K
- **Initial approval:** $309K
- **Forgiven:** $311K (101%)
- **Forgiveness date:** 11/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $309K
- **Utilities:** $1
- **Jobs reported:** 17
## 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*