PPP Loan information for Spencer industries inc

$247,500

Spencer industries inc was initially approved for PPP Loan of amount $247,500, the current approved amount is $247,500. The loan was approved on 04/08/2020 by The Valley National Bank reported 19 jobs and $247,500 was used to fund payroll.

Spencer industries inc is Existing or more than 2 years old

PPP Loan Search / NJ / BELLEVILLE / Spencer industries inc

SPENCER INDUSTRIES INC

Date Approved

04/08/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

SPENCER INDUSTRIES INC

Borrower Address

80 HOLMES ST

Borrower City

BELLEVILLE

Borrower State

NJ

Borrower Zip

07109-3121

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

247500.00

Current Approval Amount

247500.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BELLEVILLE

Project County Name

ESSEX

Project State

NJ

Project Zip

07109-3121

CD

NJ-11

Jobs Reported

19

NAICS Code

334419

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

247500.00

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

Non-Veteran

Non Profit

Forgiveness Amount

250717.50

Forgiveness Date

07/29/2021

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