PPP Loan information for Atlantic electric motor repair company, inc.

$407,790

Atlantic electric motor repair company, inc. was initially approved for PPP Loan of amount $407,790, the current approved amount is $407,790. The loan was approved on 04/29/2020 by The Hanover Community Bank reported 29 jobs and $407,790 was used to fund payroll.

Atlantic electric motor repair company, inc. is Existing or more than 2 years old

PPP Loan Search / NJ / North Arlington / Atlantic electric motor repair company, inc.

ATLANTIC ELECTRIC MOTOR REPAIR COMPANY, INC.

Date Approved

04/29/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

ATLANTIC ELECTRIC MOTOR REPAIR COMPANY, INC.

Borrower Address

11 Ewing Avenue

Borrower City

North Arlington

Borrower State

NJ

Borrower Zip

07031

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

407790.00

Current Approval Amount

407790.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

462816

Servicing Lender Name

Hanover Community Bank

Servicing Lender Address

80 East Jericho Turnpike

Servicing Lender City

Mineola

Servicing Lender State

NY

Servicing Lender Zip

11501

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

North Arlington

Project County Name

BERGEN

Project State

NJ

Project Zip

07031-4415

CD

NJ-09

Jobs Reported

29

NAICS Code

811211

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

407790.00

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

Subchapter S Corporation

Originating Lender Location Id

462816

Originating Lender

Hanover Community Bank

Originating Lender City

Mineola

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

412921.36

Forgiveness Date

08/05/2021

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