PPP Loan information for Summit electrical supply company

$129,533

Summit electrical supply company was initially approved for PPP Loan of amount $129,533, the current approved amount is $129,533. The loan was approved on 01/20/2021 by The Lakeland Bank reported 9 jobs and $129,533 was used to fund payroll.

Summit electrical supply company is Existing or more than 2 years old

PPP Loan Search / NJ / Summit / Summit electrical supply company

SUMMIT ELECTRICAL SUPPLY COMPANY

Date Approved

01/20/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

SUMMIT ELECTRICAL SUPPLY COMPANY

Borrower Address

25 Chatham Rd

Borrower City

Summit

Borrower State

NJ

Borrower Zip

07901-1309

Loan Status Date

11/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

129532.50

Current Approval Amount

129532.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45621

Servicing Lender Name

Lakeland Bank

Servicing Lender Address

2717 Rte 23 South

Servicing Lender City

NEWFOUNDLAND

Servicing Lender State

NJ

Servicing Lender Zip

07435-1441

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Summit

Project County Name

UNION

Project State

NJ

Project Zip

07901-1309

CD

NJ-07

Jobs Reported

9

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

129528.50

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

45621

Originating Lender

Lakeland Bank

Originating Lender City

NEWFOUNDLAND

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

130450.02

Forgiveness Date

10/13/2021

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