Date Approved
04/15/2020
SBA Office Code
0299
Processing Method
PPP
Borrower Name
ROYAL TEA NEW YORK, LLC
Borrower Address
661 Hadley Road
Borrower City
SOUTH PLAINFIELD
Borrower State
NJ
Borrower Zip
07080-2403
Loan Status Date
07/10/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
53500.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
45120
Servicing Lender Name
Valley National Bank
Servicing Lender Address
615 Main Ave
Servicing Lender City
PASSAIC
Servicing Lender State
Servicing Lender Zip
07055-5066
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
MIDDLESEX
Project State
Project Zip
CD
NJ-06
Jobs Reported
6
NAICS Code
311920
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
5350.00
Payroll Proceed
42800.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non Profit
Forgiveness Amount
51282.10
Forgiveness Date
06/22/2021