PPP Loan information for Teco electric company inc

$60,297

Teco electric company inc was initially approved for PPP Loan of amount $60,297, the current approved amount is $60,297. The loan was approved on 03/06/2021 by The Valley National Bank reported 7 jobs and $60,297 was used to fund payroll.

Teco electric company inc is Existing or more than 2 years old

PPP Loan Search / NJ / Caldwell / Teco electric company inc

TECO ELECTRIC COMPANY INC

Date Approved

03/06/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

TECO ELECTRIC COMPANY INC

Borrower Address

31 Roseland Ave

Borrower City

Caldwell

Borrower State

NJ

Borrower Zip

07006-5901

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

60297.00

Current Approval Amount

60297.00

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

Caldwell

Project County Name

ESSEX

Project State

NJ

Project Zip

07006-5901

CD

NJ-10

Jobs Reported

7

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

60295.00

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

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

61035.64

Forgiveness Date

05/24/2022

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