Forman Industries Inc.

$1,006,772 PPP Loan in Old Bridge, New Jersey

Loan Details

Loan Number
7669507104
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$1,006,772
Current Approval
$1,006,772
Forgiveness Amount
$1,013,199
Forgiveness Date
Dec 14, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Forman Industries Inc.
Address
3150 Bordentown Avenue
ZIP Code
08857
Business Type
Corporation
Industry (NAICS)
Construction (236220)
Business Age
Existing or more than 2 years old
Jobs Reported
76
Estimated Revenue
$86.6M
Rural/Urban
Urban
Congressional District
NJ-12

Loan Use Breakdown

Payroll
$880,000
Rent
$17,500
Utilities
$9,272
Health Care
$100,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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