PPP Loan information for Lb electric company llc

$1,522,950

Lb electric company llc was initially approved for PPP Loan of amount $1,522,950, the current approved amount is $1,522,950. The loan was approved on 01/23/2021 by The Columbia Bank reported 70 jobs and $1,522,950 was used to fund payroll.

Lb electric company llc is Existing or more than 2 years old

PPP Loan Search / NJ / Cedar Grove / Lb electric company llc

LB ELECTRIC COMPANY LLC

Date Approved

01/23/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

LB ELECTRIC COMPANY LLC

Borrower Address

50 Commerce Rd

Borrower City

Cedar Grove

Borrower State

NJ

Borrower Zip

07009-1206

Loan Status Date

08/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1522950.00

Current Approval Amount

1522950.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

80189

Servicing Lender Name

Columbia Bank

Servicing Lender Address

19-01 Rte 208 N

Servicing Lender City

FAIR LAWN

Servicing Lender State

NJ

Servicing Lender Zip

07410-2832

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cedar Grove

Project County Name

ESSEX

Project State

NJ

Project Zip

07009-1206

CD

NJ-11

Jobs Reported

70

NAICS Code

237130

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1522944.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

80189

Originating Lender

Columbia Bank

Originating Lender City

FAIR LAWN

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1545481.32

Forgiveness Date

07/21/2022

;