PPP Loan information for New jersy electric motors inc

$60,395

New jersy electric motors inc was initially approved for PPP Loan of amount $60,395, the current approved amount is $60,395. The loan was approved on 04/15/2020 by The Fulton Bank, National Association reported 5 jobs and $60,395 was used to fund payroll.

New jersy electric motors inc is Existing or more than 2 years old

PPP Loan Search / NJ / Somerville / New jersy electric motors inc

NEW JERSY ELECTRIC MOTORS INC

Date Approved

04/15/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

NEW JERSY ELECTRIC MOTORS INC

Borrower Address

84 Somerset St

Borrower City

Somerville

Borrower State

NJ

Borrower Zip

08876

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

60395.00

Current Approval Amount

60395.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60701

Servicing Lender Name

Fulton Bank, National Association

Servicing Lender Address

One Penn Sq

Servicing Lender City

LANCASTER

Servicing Lender State

PA

Servicing Lender Zip

17602-2853

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Somerville

Project County Name

SOMERSET

Project State

NJ

Project Zip

08876-0001

CD

NJ-07

Jobs Reported

5

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

50000.00

Mortgage Interest Proceed

0.00

Rent Proceed

10395.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

60701

Originating Lender

Fulton Bank, National Association

Originating Lender City

LANCASTER

Originating Lender State

PA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

60963.72

Forgiveness Date

03/30/2021

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