PPP Loan information for Lavan drives and controls inc

$118,263

Lavan drives and controls inc was initially approved for PPP Loan of amount $118,263, the current approved amount is $118,263. The loan was approved on 04/28/2020 by The Lakeland Bank reported 12 jobs and $118,263 was used to fund payroll.

Lavan drives and controls inc is Existing or more than 2 years old

PPP Loan Search / NJ / FREEHOLD / Lavan drives and controls inc

LAVAN DRIVES AND CONTROLS INC

Date Approved

04/28/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

LAVAN DRIVES AND CONTROLS INC

Borrower Address

919 HIGHWAY 33 UNIT 21

Borrower City

FREEHOLD

Borrower State

NJ

Borrower Zip

07728-8454

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

118263.00

Current Approval Amount

118263.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45621

Servicing Lender Name

Lakeland Bank

Servicing Lender Address

2717 Rte 23 South

Servicing Lender City

NEWFOUNDLAND

Servicing Lender State

NJ

Servicing Lender Zip

07435-1441

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FREEHOLD

Project County Name

MONMOUTH

Project State

NJ

Project Zip

07728-8454

CD

NJ-04

Jobs Reported

12

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

108754.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

9509.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

45621

Originating Lender

Lakeland Bank

Originating Lender City

NEWFOUNDLAND

Originating Lender State

NJ

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

108814.70

Forgiveness Date

11/03/2020

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