PPP Loan information for Action drives & bearings inc

$19,200

Action drives & bearings inc was initially approved for PPP Loan of amount $19,200, the current approved amount is $19,200. The loan was approved on 03/02/2021 by The Loan Source Incorporated reported 3 jobs and $19,200 was used to fund payroll.

Action drives & bearings inc is Existing or more than 2 years old

PPP Loan Search / NJ / East Hanover / Action drives & bearings inc

ACTION DRIVES & BEARINGS INC

Date Approved

03/02/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

ACTION DRIVES & BEARINGS INC

Borrower Address

6 Deforest Ave Ste 8

Borrower City

East Hanover

Borrower State

NJ

Borrower Zip

07936-2831

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

19200.00

Current Approval Amount

19200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

East Hanover

Project County Name

MORRIS

Project State

NJ

Project Zip

07936-2831

CD

NJ-11

Jobs Reported

3

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

19199.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

19310.99

Forgiveness Date

10/29/2021

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