PPP Loan information for Demand electric inc.

$1,401,495

Demand electric inc. was initially approved for PPP Loan of amount $1,401,495, the current approved amount is $1,401,495. The loan was approved on 01/25/2021 by The Spencer Savings Bank, SLA reported 80 jobs and $1,401,495 was used to fund payroll.

Demand electric inc. is Existing or more than 2 years old

PPP Loan Search / NY / Astoria / Demand electric inc.

DEMAND ELECTRIC INC.

Date Approved

01/25/2021

SBA Office Code

0202

Processing Method

PPS

Borrower Name

DEMAND ELECTRIC INC.

Borrower Address

3133 31st St # 2

Borrower City

Astoria

Borrower State

NY

Borrower Zip

11106-2530

Loan Status Date

09/13/2022

Loan Status

Charged Off

Term

41

SBA Guaranty Percentage

100

Initial Approval Amount

1401495.00

Current Approval Amount

1401495.00

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

Astoria

Project County Name

QUEENS

Project State

NY

Project Zip

11106-2530

CD

NY-14

Jobs Reported

80

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1401493.00

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;