PPP Loan information for Martelco, inc

$171,870

Martelco, inc was initially approved for PPP Loan of amount $171,870, the current approved amount is $171,870. The loan was approved on 04/13/2020 by The Valley National Bank reported 9 jobs and $171,870 was used to fund payroll.

Martelco, inc is Existing or more than 2 years old

PPP Loan Search / NJ / KEARNY / Martelco, inc

MARTELCO, INC

Date Approved

04/13/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MARTELCO, INC

Borrower Address

17 Cable Dr

Borrower City

KEARNY

Borrower State

NJ

Borrower Zip

07032-6503

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

171870.00

Current Approval Amount

171870.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

KEARNY

Project County Name

HUDSON

Project State

NJ

Project Zip

07032-6503

CD

NJ-08

Jobs Reported

9

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

171870.00

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

173082.64

Forgiveness Date

12/31/2020

;