# PPP loan: NJ REO ASSET MANAGEMENT & RESLTY, INC
> **$150K** approved 05/01/2020 · Charged Off · Loan `9230507706`
## Borrower
- **Name:** NJ REO ASSET MANAGEMENT & RESLTY, INC
- **Address:** 650 Bloomfield Avenue, Blomfield, NJ, 07003
- **NAICS:** 531210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $42K (28%)
- **Forgiveness date:** 03/31/2022
- **Status:** Charged Off
- **Term:** 31 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 8
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*