PPP Loan information for Powertech electrical contractors

$125,000

Powertech electrical contractors was initially approved for PPP Loan of amount $125,000, the current approved amount is $125,000. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 12 jobs and $125,000 was used to fund payroll.

Powertech electrical contractors is Existing or more than 2 years old

PPP Loan Search / NJ / MORRIS PLAINS / Powertech electrical contractors

POWERTECH ELECTRICAL CONTRACTORS

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

POWERTECH ELECTRICAL CONTRACTORS

Borrower Address

3 IRONWOOD DR

Borrower City

MORRIS PLAINS

Borrower State

NJ

Borrower Zip

07950

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

125000.00

Current Approval Amount

125000.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

MORRIS PLAINS

Project County Name

MORRIS

Project State

NJ

Project Zip

07950-0001

CD

NJ-11

Jobs Reported

12

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

75000.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20000.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

125864.31

Forgiveness Date

01/14/2021

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