# PPP loan: FORMULUS BLACK CORPORATION
> **$438K** approved 03/26/2021 · Charged Off · Loan `9385918603`
## Borrower
- **Name:** FORMULUS BLACK CORPORATION
- **Address:** 26 Journal Sq Ste 1600, Jersey City, NJ, 07306-4103
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $438K
- **Initial approval:** $438K
- **Status:** Charged Off
- **Term:** 39 months
## Use of funds
- **Payroll:** $438K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Liberty Capital Bank
- **Servicing:** Liberty Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*