Switching Power, Inc.

$1,090,812 PPP Loan in Ronkonkoma, New York

Loan Details

Loan Number
2035877105
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$1,090,812
Current Approval
$1,090,812
Forgiveness Amount
$1,098,651
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Switching Power, Inc.
Address
3601 Veterans Highway
ZIP Code
11779-7617
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (335313)
Business Age
Existing or more than 2 years old
Jobs Reported
84
Estimated Revenue
$22.0M
Rural/Urban
Urban
Congressional District
NY-02

Loan Use Breakdown

Payroll
$980,812
Rent
$40,000
Utilities
$40,000
Health Care
$30,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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