PPP Loan information for Ral-bar electric inc.

$136,242

Ral-bar electric inc. was initially approved for PPP Loan of amount $136,242, the current approved amount is $136,242. The loan was approved on 05/28/2021 by The Ponce Bank reported 11 jobs and $136,242 was used to fund payroll.

Ral-bar electric inc. is Existing or more than 2 years old

PPP Loan Search / NY / Long Island City / Ral-bar electric inc.

RAL-BAR ELECTRIC INC.

Date Approved

05/28/2021

SBA Office Code

0202

Processing Method

PPS

Borrower Name

RAL-BAR ELECTRIC INC.

Borrower Address

3409 45th St

Borrower City

Long Island City

Borrower State

NY

Borrower Zip

11101-1003

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

136242.38

Current Approval Amount

136242.38

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88717

Servicing Lender Name

Ponce Bank

Servicing Lender Address

2244 Westchester Ave

Servicing Lender City

NEW YORK CITY

Servicing Lender State

NY

Servicing Lender Zip

10462-5010

Rural Urban Indicator

U

Hubzone Indicator

N

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

11101-1003

CD

NY-07

Jobs Reported

11

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

136242.38

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

88717

Originating Lender

Ponce Bank

Originating Lender City

NEW YORK CITY

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

136966.52

Forgiveness Date

12/16/2021

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