# PPP loan: WHOLESALE OUTLET INC
> **$244K** approved 04/15/2020 · Exemption 4 · Loan `9249607102`
## Borrower
- **Name:** WHOLESALE OUTLET INC
- **Address:** 25 WHITE HORSE PIKE, WATERFORD WORKS, NJ, 08089
- **NAICS:** 532112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $150K (61%)
- **Forgiveness date:** 12/16/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $244K
- **Jobs reported:** 18
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*