Janel Corporation receives full forgiveness of $2.7M PPP loan from SBA

JANEL CORP

SBA approved full forgiveness of $2,725,893 PPP loan from Santander Bank, N.A.
Forgiveness payment date was July 20, 2021; notification received July 22, 2021.
Entire loan balance including accrued interest forgiven; remaining balance is zero.
Forgiveness will be recognized as income in Q4 ending September 30, 2021.

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