# PPP loan: 40  ACRES DEVELOPMENT & INVESTMENT GROUP
> **$185K** approved 05/03/2020 · Exemption 4 · Loan `9946787301`
## Borrower
- **Name:** 40  ACRES DEVELOPMENT & INVESTMENT GROUP
- **Address:** 2906 MADALINE DR, AVENEL, NJ, 07001-1352
- **NAICS:** 531210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $185K
- **Initial approval:** $185K
- **Forgiven:** $71K (38%)
- **Forgiveness date:** 08/27/2021
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Jobs reported:** 10
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*