PPP Loan information for Acdc electric motor corp

$42,138

Acdc electric motor corp was initially approved for PPP Loan of amount $42,138, the current approved amount is $42,138. The loan was approved on 01/22/2021 by The Spencer Savings Bank, SLA reported 4 jobs and $42,138 was used to fund payroll.

Acdc electric motor corp is Existing or more than 2 years old

PPP Loan Search / NJ / Elmwood Park / Acdc electric motor corp

ACDC ELECTRIC MOTOR CORP

Date Approved

01/22/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

ACDC ELECTRIC MOTOR CORP

Borrower Address

162 Orchard St

Borrower City

Elmwood Park

Borrower State

NJ

Borrower Zip

07407-2214

Loan Status Date

01/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

42138.00

Current Approval Amount

42138.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

85804

Servicing Lender Name

Spencer Savings Bank, SLA

Servicing Lender Address

611 River Dr

Servicing Lender City

ELMWOOD PARK

Servicing Lender State

NJ

Servicing Lender Zip

07407-1325

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elmwood Park

Project County Name

BERGEN

Project State

NJ

Project Zip

07407-2214

CD

NJ-09

Jobs Reported

4

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

42136.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

85804

Originating Lender

Spencer Savings Bank, SLA

Originating Lender City

ELMWOOD PARK

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

42515.51

Forgiveness Date

12/22/2021

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