PPP Loan information for Lion electric inc

$250,000

Lion electric inc was initially approved for PPP Loan of amount $250,000, the current approved amount is $250,000. The loan was approved on 04/11/2020 by The TD Bank, National Association reported 17 jobs and $250,000 was used to fund payroll.

Lion electric inc is Existing or more than 2 years old

PPP Loan Search / NJ / TOTOWA / Lion electric inc

LION ELECTRIC INC

Date Approved

04/11/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

LION ELECTRIC INC

Borrower Address

205 Route 46 west Suite 7b

Borrower City

TOTOWA

Borrower State

NJ

Borrower Zip

07512-1838

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

250000.00

Current Approval Amount

250000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29805

Servicing Lender Name

TD Bank, National Association

Servicing Lender Address

2035 Limestone Rd

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19808-5529

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TOTOWA

Project County Name

PASSAIC

Project State

NJ

Project Zip

07512-1838

CD

NJ-11

Jobs Reported

17

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

250000.00

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

29805

Originating Lender

TD Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

253451.39

Forgiveness Date

09/07/2021

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