PPP Loan information for Powerline imports inc.

$290,000

Powerline imports inc. was initially approved for PPP Loan of amount $290,000, the current approved amount is $290,000. The loan was approved on 04/15/2020 by The Bank of Hope reported 26 jobs and $290,000 was used to fund payroll.

Powerline imports inc. is Existing or more than 2 years old

POWERLINE IMPORTS INC.

Date Approved

04/15/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

POWERLINE IMPORTS INC.

Borrower Address

2 E. Union Ave.

Borrower City

EAST RUTHERFORD

Borrower State

NJ

Borrower Zip

07073

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

290000.00

Current Approval Amount

290000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

110359

Servicing Lender Name

Bank of Hope

Servicing Lender Address

3200 Wilshire Blvd 1st Fl

Servicing Lender City

LOS ANGELES

Servicing Lender State

CA

Servicing Lender Zip

90010

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EAST RUTHERFORD

Project County Name

BERGEN

Project State

NJ

Project Zip

07073-0001

CD

NJ-09

Jobs Reported

26

NAICS Code

423990

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

290000.00

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

110359

Originating Lender

Bank of Hope

Originating Lender City

LOS ANGELES

Originating Lender State

CA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

293495.89

Forgiveness Date

07/09/2021

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