PPP Loan information for Tel-instrument electronics corp

$722,577

Tel-instrument electronics corp was initially approved for PPP Loan of amount $722,577, the current approved amount is $722,577. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 45 jobs and $722,577 was used to fund payroll.

Tel-instrument electronics corp is New Business or 2 years or less

PPP Loan Search / NJ / East Rutherford / Tel-instrument electronics corp

TEL-INSTRUMENT ELECTRONICS CORP

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

TEL-INSTRUMENT ELECTRONICS CORP

Borrower Address

1 Branca Rd

Borrower City

East Rutherford

Borrower State

NJ

Borrower Zip

07073

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

722577.00

Current Approval Amount

722577.00

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

New Business or 2 years or less

Project City

East Rutherford

Project County Name

BERGEN

Project State

NJ

Project Zip

07073-0001

CD

NJ-09

Jobs Reported

45

NAICS Code

334413

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

722577.00

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

Non-Veteran

Non Profit

Forgiveness Amount

727051.04

Forgiveness Date

12/16/2020

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