PPP Loan information for New age electric inc.

$2,000,000

New age electric inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/17/2021 by The BMO Harris Bank National Association reported 118 jobs and $2,000,000 was used to fund payroll.

New age electric inc. is Existing or more than 2 years old

PPP Loan Search / CA / San Jose / New age electric inc.

NEW AGE ELECTRIC INC.

Date Approved

02/17/2021

SBA Office Code

0912

Processing Method

PPS

Borrower Name

NEW AGE ELECTRIC INC.

Borrower Address

1085 N 11th St

Borrower City

San Jose

Borrower State

CA

Borrower Zip

95112-2928

Loan Status Date

11/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21442

Servicing Lender Name

BMO Harris Bank National Association

Servicing Lender Address

111 W Monroe St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-4096

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

San Jose

Project County Name

SANTA CLARA

Project State

CA

Project Zip

95112-2928

CD

CA-18

Jobs Reported

118

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

21442

Originating Lender

BMO Harris Bank National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2010888.89

Forgiveness Date

09/08/2021

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