PPP Loan information for Mpower logic inc

$666,663

Mpower logic inc was initially approved for PPP Loan of amount $665,862, the current approved amount is $666,663. The loan was approved on 04/09/2020 by The Bank of America, National Association reported 33 jobs and $666,663 was used to fund payroll.

Mpower logic inc is Existing or more than 2 years old

PPP Loan Search / NJ / PISCATAWAY / Mpower logic inc

MPOWER LOGIC INC

Date Approved

04/09/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MPOWER LOGIC INC

Borrower Address

242 OLD NEW BRUNSWICK RD STE 360

Borrower City

PISCATAWAY

Borrower State

NJ

Borrower Zip

08854-3952

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

665862.00

Current Approval Amount

666663.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PISCATAWAY

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

08854-3952

CD

NJ-06

Jobs Reported

33

NAICS Code

511210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

666663.00

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

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

672781.69

Forgiveness Date

03/31/2021

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