PPP Loan information for Altec electrical corporation

$823,327

Altec electrical corporation was initially approved for PPP Loan of amount $823,327, the current approved amount is $823,327. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 75 jobs and $823,327 was used to fund payroll.

Altec electrical corporation is Existing or more than 2 years old

PPP Loan Search / NJ / POINT PLEASANT BORO / Altec electrical corporation

ALTEC ELECTRICAL CORPORATION

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

ALTEC ELECTRICAL CORPORATION

Borrower Address

904 ATLANTIC AVE

Borrower City

POINT PLEASANT BORO

Borrower State

NJ

Borrower Zip

08742-2917

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

823327.00

Current Approval Amount

823327.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

POINT PLEASANT BORO

Project County Name

OCEAN

Project State

NJ

Project Zip

08742-2917

CD

NJ-04

Jobs Reported

75

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

823327.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

829552.71

Forgiveness Date

02/05/2021

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