PPP Loan information for Armel electronics, inc

$230,073

Armel electronics, inc was initially approved for PPP Loan of amount $230,073, the current approved amount is $230,073. The loan was approved on 04/15/2020 by The JPMorgan Chase Bank, National Association reported 16 jobs and $230,073 was used to fund payroll.

Armel electronics, inc is Existing or more than 2 years old

PPP Loan Search / NJ / NORTH BERGEN / Armel electronics, inc

ARMEL ELECTRONICS, INC

Date Approved

04/15/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

ARMEL ELECTRONICS, INC

Borrower Address

1601 75TH ST

Borrower City

NORTH BERGEN

Borrower State

NJ

Borrower Zip

07047

Loan Status Date

03/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

230072.50

Current Approval Amount

230072.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORTH BERGEN

Project County Name

HUDSON

Project State

NJ

Project Zip

07047-0001

CD

NJ-08

Jobs Reported

16

NAICS Code

334419

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4228.00

Payroll Proceed

212653.00

Mortgage Interest Proceed

0.00

Rent Proceed

8000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5191.50

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

231895.06

Forgiveness Date

02/02/2021

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