New Jersy Electric Motors INC

$60,395 PPP Loan in Somerville, New Jersey

Loan Details

Loan Number
1608367207
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$60,395
Current Approval
$60,395
Forgiveness Amount
$60,964
Forgiveness Date
Mar 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
New Jersy Electric Motors INC
Address
84 Somerset St
ZIP Code
08876
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423610)
Business Age
Existing or more than 2 years old
Jobs Reported
5
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
NJ-07

Loan Use Breakdown

Payroll
$50,000
Rent
$10,395

Lender Information

Servicing Lender
Fulton Bank, National Association
Originating Lender
Fulton Bank, National Association

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