PPP Loan information for Polo electric corp

$2,000,000

Polo electric corp was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/27/2021 by The Valley National Bank reported 110 jobs and $2,000,000 was used to fund payroll.

Polo electric corp is Existing or more than 2 years old

PPP Loan Search / NY / New York / Polo electric corp

POLO ELECTRIC CORP

Date Approved

01/27/2021

SBA Office Code

0202

Processing Method

PPS

Borrower Name

POLO ELECTRIC CORP

Borrower Address

497 Canal St

Borrower City

New York

Borrower State

NY

Borrower Zip

10013-1311

Loan Status Date

05/10/2022

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

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

N

Business Age Description

Existing or more than 2 years old

Project City

New York

Project County Name

NEW YORK

Project State

NY

Project Zip

10013-1311

CD

NY-10

Jobs Reported

110

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2022111.11

Forgiveness Date

03/29/2022

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