PPP Loan information for The new generation engineering constrution inc.

$2,614,700

The new generation engineering constrution inc. was initially approved for PPP Loan of amount $2,614,700, the current approved amount is $2,614,700. The loan was approved on 04/30/2020 by The Cache Valley Bank reported 325 jobs and $2,614,700 was used to fund payroll.

The new generation engineering constrution inc. is Existing or more than 2 years old

PPP Loan Search / CA / Torrance / The new generation engineering constrution inc.

THE NEW GENERATION ENGINEERING CONSTRUTION INC.

Date Approved

04/30/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

THE NEW GENERATION ENGINEERING CONSTRUTION INC.

Borrower Address

22815 Frampton Avenue

Borrower City

Torrance

Borrower State

CA

Borrower Zip

90501-5034

Loan Status Date

07/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2614700.00

Current Approval Amount

2614700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72251

Servicing Lender Name

Cache Valley Bank

Servicing Lender Address

101 N Main St

Servicing Lender City

LOGAN

Servicing Lender State

UT

Servicing Lender Zip

84321-4525

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Torrance

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90501-5034

CD

CA-44

Jobs Reported

325

NAICS Code

238990

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2614700.00

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

72251

Originating Lender

Cache Valley Bank

Originating Lender City

LOGAN

Originating Lender State

UT

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2644115.38

Forgiveness Date

06/17/2021

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