PPP Loan information for Adc communications and electrical inc

$195,000

Adc communications and electrical inc was initially approved for PPP Loan of amount $195,000, the current approved amount is $195,000. The loan was approved on 03/13/2021 by The Valley National Bank reported 12 jobs and $195,000 was used to fund payroll.

Adc communications and electrical inc is Existing or more than 2 years old

PPP Loan Search / NJ / Hackensack / Adc communications and electrical inc

ADC COMMUNICATIONS AND ELECTRICAL INC

Date Approved

03/13/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

ADC COMMUNICATIONS AND ELECTRICAL INC

Borrower Address

497 Washington Ave

Borrower City

Hackensack

Borrower State

NJ

Borrower Zip

07601-6515

Loan Status Date

01/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

195000.00

Current Approval Amount

195000.00

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

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

07601-6515

CD

NJ-05

Jobs Reported

12

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

194999.00

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

Unanswered

Non Profit

Forgiveness Amount

196484.17

Forgiveness Date

12/15/2021

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