PPP Loan information for Beacon converters inc

$952,305

Beacon converters inc was initially approved for PPP Loan of amount $952,305, the current approved amount is $952,305. The loan was approved on 01/26/2021 by The Valley National Bank reported 98 jobs and $952,305 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

01/26/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

BEACON CONVERTERS INC

Borrower Address

45 Mayhill St

Borrower City

Saddle Brook

Borrower State

NJ

Borrower Zip

07663-5301

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

952305.00

Current Approval Amount

952305.00

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

1.00

Payroll Proceed

952300.00

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

958256.91

Forgiveness Date

09/15/2021

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