PPP Loan information for Polar mechanical corp.

$429,375

Polar mechanical corp. was initially approved for PPP Loan of amount $429,375, the current approved amount is $429,375. The loan was approved on 04/07/2020 by The Valley National Bank reported 31 jobs and $429,375 was used to fund payroll.

Polar mechanical corp. is Existing or more than 2 years old

PPP Loan Search / NY / BROOKLYN / Polar mechanical corp.

POLAR MECHANICAL CORP.

Date Approved

04/07/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

POLAR MECHANICAL CORP.

Borrower Address

51ST ST

Borrower City

BROOKLYN

Borrower State

NY

Borrower Zip

11220-0356

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

429375.00

Current Approval Amount

429375.00

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BROOKLYN

Project County Name

KINGS

Project State

NY

Project Zip

11220-0356

CD

NY-10

Jobs Reported

31

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

429375.00

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

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

432726.51

Forgiveness Date

01/20/2021

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