PPP Loan information for Multi tech electric corp

$224,795

Multi tech electric corp was initially approved for PPP Loan of amount $224,795, the current approved amount is $224,795. The loan was approved on 04/28/2020 by The Unity Bank reported 10 jobs and $224,795 was used to fund payroll.

Multi tech electric corp is Existing or more than 2 years old

MULTI TECH ELECTRIC CORP

Date Approved

04/28/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MULTI TECH ELECTRIC CORP

Borrower Address

10 FIELDSTONE COURT

Borrower City

MAHWAH

Borrower State

NJ

Borrower Zip

07430

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

224795.00

Current Approval Amount

224795.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

117644

Servicing Lender Name

Unity Bank

Servicing Lender Address

64 Old Hwy 22

Servicing Lender City

CLINTON

Servicing Lender State

NJ

Servicing Lender Zip

08809-1305

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MAHWAH

Project County Name

BERGEN

Project State

NJ

Project Zip

07430-0001

CD

NJ-05

Jobs Reported

10

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

224795.00

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

117644

Originating Lender

Unity Bank

Originating Lender City

CLINTON

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

229359.59

Forgiveness Date

05/18/2022

;