PPP Loan information for L. b. electric supply co. inc

$366,812

L. b. electric supply co. inc was initially approved for PPP Loan of amount $366,812, the current approved amount is $366,812. The loan was approved on 02/16/2021 by The Valley National Bank reported 21 jobs and $366,812 was used to fund payroll.

L. b. electric supply co. inc is Existing or more than 2 years old

PPP Loan Search / NY / Brooklyn / L. b. electric supply co. inc

L. B. ELECTRIC SUPPLY CO. INC

Date Approved

02/16/2021

SBA Office Code

0202

Processing Method

PPS

Borrower Name

L. B. ELECTRIC SUPPLY CO. INC

Borrower Address

5202 New Utrecht Ave

Borrower City

Brooklyn

Borrower State

NY

Borrower Zip

11219-3828

Loan Status Date

12/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

366812.00

Current Approval Amount

366812.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Brooklyn

Project County Name

KINGS

Project State

NY

Project Zip

11219-3828

CD

NY-10

Jobs Reported

21

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

366812.00

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

Subchapter S 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

369614.04

Forgiveness Date

11/22/2021

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