PPP Loan information for Demand electric inc.

$1,462,805

Demand electric inc. was initially approved for PPP Loan of amount $1,462,805, the current approved amount is $1,462,805. The loan was approved on 04/27/2020 by The Spencer Savings Bank, SLA reported 80 jobs and $1,462,805 was used to fund payroll.

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

PPP Loan Search / NJ / ELMWOOD PARK / Demand electric inc.

DEMAND ELECTRIC INC.

Date Approved

04/27/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

DEMAND ELECTRIC INC.

Borrower Address

TBD

Borrower City

ELMWOOD PARK

Borrower State

NJ

Borrower Zip

07407

Loan Status Date

02/02/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1462805.00

Current Approval Amount

1462805.00

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

ELMWOOD PARK

Project County Name

BERGEN

Project State

NJ

Project Zip

07407-0001

CD

NJ-09

Jobs Reported

80

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1462805.00

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

1460208.34

Forgiveness Date

11/09/2020

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