Power Electric Co., Inc.
$2,175,000 PPP Loan in Belleville, New Jersey
Loan Details
- Loan Number
- 1605177105
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,175,000
- Current Approval
- $2,175,000
- Forgiveness Amount
- $2,200,104
- Forgiveness Date
- Jun 9, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Power Electric Co., Inc.
- Address
- 10-22 North 7th Street 0.0
- City
- Belleville
- State
- New Jersey
- ZIP Code
- 07109-1196
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 135
- Estimated Revenue
- $44.4M
- Rural/Urban
- Urban
- Congressional District
- NJ-11
Loan Use Breakdown
- Payroll
- $2,095,000
- Utilities
- $5,000
- Health Care
- $75,000
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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