# PPP loan: CGS TECHNOLOGY ASSOCIATES INC
> **$891K** approved 02/14/2021 · Exemption 4 · Loan `8995618403`
## Borrower
- **Name:** CGS TECHNOLOGY ASSOCIATES INC
- **Address:** 1001 Durham Ave, South Plainfield, NJ, 07080-2300
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $891K
- **Initial approval:** $891K
- **Forgiven:** $593K (67%)
- **Forgiveness date:** 05/24/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $891K
- **Jobs reported:** 50
## Lender
- **Originating:** Peapack-Gladstone 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*