PPP Loan information for Beacon converters, inc

$1,045,475

Beacon converters, inc was initially approved for PPP Loan of amount $1,045,475, the current approved amount is $1,045,475. The loan was approved on 04/10/2020 by The Valley National Bank reported 98 jobs and $1,045,475 was used to fund payroll.

Beacon converters, inc is Existing or more than 2 years old

PPP Loan Search / NJ / SADDLE BROOK / Beacon converters, inc

BEACON CONVERTERS, INC

Date Approved

04/10/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

BEACON CONVERTERS, INC

Borrower Address

45 Mayhill St.

Borrower City

SADDLE BROOK

Borrower State

NJ

Borrower Zip

07663-5301

Loan Status Date

05/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1045475.00

Current Approval Amount

1045475.00

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

NJ

Servicing Lender Zip

07055-5066

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SADDLE BROOK

Project County Name

BERGEN

Project State

NJ

Project Zip

07663-5301

CD

NJ-09

Jobs Reported

98

NAICS Code

322220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1045475.00

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

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1055755.50

Forgiveness Date

04/12/2021

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