PPP Loan information for Universal electric motor service inc

$947,295

Universal electric motor service inc was initially approved for PPP Loan of amount $947,295, the current approved amount is $947,295. The loan was approved on 05/01/2020 by The Wells Fargo Bank, National Association reported 46 jobs and $947,295 was used to fund payroll.

Universal electric motor service inc is Existing or more than 2 years old

PPP Loan Search / NJ / HACKENSACK / Universal electric motor service inc

UNIVERSAL ELECTRIC MOTOR SERVICE INC

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

UNIVERSAL ELECTRIC MOTOR SERVICE INC

Borrower Address

131 SOUTH NEWMAN STREET

Borrower City

HACKENSACK

Borrower State

NJ

Borrower Zip

07601

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

947295.00

Current Approval Amount

947295.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

12096

Servicing Lender Name

Wells Fargo Bank, National Association

Servicing Lender Address

101 N Philips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6738

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HACKENSACK

Project County Name

BERGEN

Project State

NJ

Project Zip

07601-0610

CD

NJ-05

Jobs Reported

46

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

947295.00

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

Corporation

Originating Lender Location Id

12096

Originating Lender

Wells Fargo Bank, National Association

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

960141.88

Forgiveness Date

09/15/2021

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