PPP Loan information for Powertronic inc

$54,016

Powertronic inc was initially approved for PPP Loan of amount $54,016, the current approved amount is $54,016. The loan was approved on 01/25/2021 by The Bank of America, National Association reported 3 jobs and $54,016 was used to fund payroll.

Powertronic inc is Existing or more than 2 years old

PPP Loan Search / NJ / Tinton Falls / Powertronic inc

POWERTRONIC INC

Date Approved

01/25/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

POWERTRONIC INC

Borrower Address

3092 Shafto Rd Unit 7

Borrower City

Tinton Falls

Borrower State

NJ

Borrower Zip

07753-8504

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

54016.00

Current Approval Amount

54016.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Tinton Falls

Project County Name

MONMOUTH

Project State

NJ

Project Zip

07753-8504

CD

NJ-04

Jobs Reported

3

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

54015.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

54351.94

Forgiveness Date

09/10/2021

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