PPP Loan information for Prime electric motor repairs inc.

$412,500

Prime electric motor repairs inc. was initially approved for PPP Loan of amount $412,500, the current approved amount is $412,500. The loan was approved on 04/13/2020 by The JPMorgan Chase Bank, National Association reported 42 jobs and $412,500 was used to fund payroll.

Prime electric motor repairs inc. is Existing or more than 2 years old

PPP Loan Search / NY / LONG ISLAND CITY / Prime electric motor repairs inc.

PRIME ELECTRIC MOTOR REPAIRS INC.

Date Approved

04/13/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

PRIME ELECTRIC MOTOR REPAIRS INC.

Borrower Address

4850 33RD ST

Borrower City

LONG ISLAND CITY

Borrower State

NY

Borrower Zip

11101

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

412500.00

Current Approval Amount

412500.00

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LONG ISLAND CITY

Project County Name

QUEENS

Project State

NY

Project Zip

11101-0001

CD

NY-07

Jobs Reported

42

NAICS Code

811310

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

11179.00

Payroll Proceed

352363.00

Mortgage Interest Proceed

0.00

Rent Proceed

48958.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

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

417878.77

Forgiveness Date

08/09/2021

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