PPP Loan information for Independence electric co inc

$61,223

Independence electric co inc was initially approved for PPP Loan of amount $61,223, the current approved amount is $61,223. The loan was approved on 05/21/2020 by The Central Pacific Bank reported 5 jobs and $61,223 was used to fund payroll.

Independence electric co inc is Existing or more than 2 years old

PPP Loan Search / NJ / Parsippany / Independence electric co inc

INDEPENDENCE ELECTRIC CO INC

Date Approved

05/21/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

INDEPENDENCE ELECTRIC CO INC

Borrower Address

2 Maplewood Dr

Borrower City

Parsippany

Borrower State

NJ

Borrower Zip

07054

Loan Status Date

06/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

61222.50

Current Approval Amount

61222.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19990

Servicing Lender Name

Central Pacific Bank

Servicing Lender Address

220 S King St

Servicing Lender City

HONOLULU

Servicing Lender State

HI

Servicing Lender Zip

96813-4530

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Parsippany

Project County Name

MORRIS

Project State

NJ

Project Zip

07054-0001

CD

NJ-11

Jobs Reported

5

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

61222.50

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

19990

Originating Lender

Central Pacific Bank

Originating Lender City

HONOLULU

Originating Lender State

HI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

61833.05

Forgiveness Date

05/27/2021

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