PPP Loan information for Powerspec inc

$210,000

Powerspec inc was initially approved for PPP Loan of amount $210,000, the current approved amount is $210,000. The loan was approved on 04/27/2020 by The First State Bank of Forrest reported 21 jobs and $210,000 was used to fund payroll.

Powerspec inc is Existing or more than 2 years old

PPP Loan Search / NJ / SOMERVILLE / Powerspec inc

POWERSPEC INC

Date Approved

04/27/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

POWERSPEC INC

Borrower Address

25 4TH ST

Borrower City

SOMERVILLE

Borrower State

NJ

Borrower Zip

08876-3205

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

210000.00

Current Approval Amount

210000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21380

Servicing Lender Name

First State Bank of Forrest

Servicing Lender Address

133 E Krack St

Servicing Lender City

FORREST

Servicing Lender State

IL

Servicing Lender Zip

61741

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SOMERVILLE

Project County Name

SOMERSET

Project State

NJ

Project Zip

08876-3205

CD

NJ-07

Jobs Reported

21

NAICS Code

335999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

210000.00

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

21380

Originating Lender

First State Bank of Forrest

Originating Lender City

FORREST

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

201030.14

Forgiveness Date

11/12/2020

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