# PPP loan: PRIME EFS, LLC
> **$2.94M** approved 04/15/2020 · Charged Off · Loan `9479907104`
## Borrower
- **Name:** PRIME EFS, LLC
- **Address:** 212 Washington Avenue, Carlstadt, NJ, 07072
- **NAICS:** 492110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.94M
- **Initial approval:** $2.94M
- **Forgiven:** $2.92M (99%)
- **Forgiveness date:** 07/21/2021
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $2.87M
- **Health care:** $70K
- **Jobs reported:** 430
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*