PPP Loan information for Promar precision engine rebuilders, inc.

$258,160

Promar precision engine rebuilders, inc. was initially approved for PPP Loan of amount $258,160, the current approved amount is $258,160. The loan was approved on 04/28/2020 by The Valley National Bank reported 22 jobs and $258,160 was used to fund payroll.

Promar precision engine rebuilders, inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Paterson / Promar precision engine rebuilders, inc.

PROMAR PRECISION ENGINE REBUILDERS, INC.

Date Approved

04/28/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

PROMAR PRECISION ENGINE REBUILDERS, INC.

Borrower Address

10 Peach Street

Borrower City

Paterson

Borrower State

NJ

Borrower Zip

07503

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

258160.00

Current Approval Amount

258160.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45120

Servicing Lender Name

Valley National Bank

Servicing Lender Address

615 Main Ave

Servicing Lender City

PASSAIC

Servicing Lender State

NJ

Servicing Lender Zip

07055-5066

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Paterson

Project County Name

PASSAIC

Project State

NJ

Project Zip

07503-1000

CD

NJ-09

Jobs Reported

22

NAICS Code

441310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

258160.00

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

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

249717.89

Forgiveness Date

12/21/2020

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