PPP Loan information for Progressive electric inc.

$109,500

Progressive electric inc. was initially approved for PPP Loan of amount $109,500, the current approved amount is $109,500. The loan was approved on 02/19/2021 by The Readycap Lending, LLC reported 6 jobs and $109,500 was used to fund payroll.

Progressive electric inc. is Existing or more than 2 years old

PPP Loan Search / NJ / East Hanover / Progressive electric inc.

PROGRESSIVE ELECTRIC INC.

Date Approved

02/19/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

PROGRESSIVE ELECTRIC INC.

Borrower Address

40 Eagle Rock Ave

Borrower City

East Hanover

Borrower State

NJ

Borrower Zip

07936-3104

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

109500.00

Current Approval Amount

109500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

499141

Servicing Lender Name

Readycap Lending, LLC

Servicing Lender Address

200 Connell Drive Suite 4000

Servicing Lender City

BERKELEY HEIGHTS

Servicing Lender State

NJ

Servicing Lender Zip

07922

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

East Hanover

Project County Name

MORRIS

Project State

NJ

Project Zip

07936-3104

CD

NJ-11

Jobs Reported

6

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

109498.00

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

Subchapter S Corporation

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

109959.00

Forgiveness Date

08/04/2021

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