Adagio Teas, Inc.

$309,970 PPP Loan in Elmwood Park, New Jersey

Loan Details

Loan Number
8061997107
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$309,970
Current Approval
$309,970
Forgiveness Amount
$312,000
Forgiveness Date
Dec 21, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Adagio Teas, Inc.
Address
170 Kipp Avenue
ZIP Code
07407
Business Type
Corporation
Industry (NAICS)
Manufacturing (311920)
Business Age
Existing or more than 2 years old
Jobs Reported
59
Estimated Revenue
$20.8M
Rural/Urban
Urban
Congressional District
NJ-09

Loan Use Breakdown

Payroll
$250,000
Rent
$45,000
Utilities
$5,000
Health Care
$9,970

Lender Information

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

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