PPP Loan information for Beach electric company inc

$2,534,330

Beach electric company inc was initially approved for PPP Loan of amount $2,534,330, the current approved amount is $2,534,330. The loan was approved on 04/08/2020 by The Valley National Bank reported 59 jobs and $2,534,330 was used to fund payroll.

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

PPP Loan Search / NJ / PATERSON / Beach electric company inc

BEACH ELECTRIC COMPANY INC

Date Approved

04/08/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

BEACH ELECTRIC COMPANY INC

Borrower Address

67 - 69 Grove St

Borrower City

PATERSON

Borrower State

NJ

Borrower Zip

07503

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2534330.00

Current Approval Amount

2534330.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

PATERSON

Project County Name

PASSAIC

Project State

NJ

Project Zip

07503-1000

CD

NJ-09

Jobs Reported

59

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2534330.00

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

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2562735.22

Forgiveness Date

06/15/2021

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