PPP Loan information for Power electric co., inc.

$2,175,000

Power electric co., inc. was initially approved for PPP Loan of amount $2,175,000, the current approved amount is $2,175,000. The loan was approved on 04/10/2020 by The JPMorgan Chase Bank, National Association reported 135 jobs and $2,175,000 was used to fund payroll.

Power electric co., inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Belleville / Power electric co., inc.

POWER ELECTRIC CO., INC.

Date Approved

04/10/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

POWER ELECTRIC CO., INC.

Borrower Address

10-22 North 7th Street 0.0

Borrower City

Belleville

Borrower State

NJ

Borrower Zip

07109-1196

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2175000.00

Current Approval Amount

2175000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Belleville

Project County Name

ESSEX

Project State

NJ

Project Zip

07109-1196

CD

NJ-11

Jobs Reported

135

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

2095000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

75000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2200104.33

Forgiveness Date

06/09/2021

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