Ocean Power Technologies, Inc.

$890,347 PPP Loan in Monre Township, New Jersey

Loan Details

Loan Number
1272607300
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$890,347
Current Approval
$890,347
Forgiveness Amount
$900,275
Forgiveness Date
Jun 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ocean Power Technologies, Inc.
Address
28 Engelhard Drive
ZIP Code
08831
Business Type
Corporation
Industry (NAICS)
Utilities (221118)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
N/A
Rural/Urban
Urban
Congressional District
NJ-12

Loan Use Breakdown

Payroll
$890,347

Lender Information

Servicing Lender
Santander Bank, National Association
Originating Lender
Santander Bank, National Association

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