Atlantic Electric Motor Repair Company, Inc.

$407,790 PPP Loan in North Arlington, New Jersey

Loan Details

Loan Number
2708217308
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$407,790
Current Approval
$407,790
Forgiveness Amount
$412,921
Forgiveness Date
Aug 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Atlantic Electric Motor Repair Company, Inc.
Address
11 Ewing Avenue
ZIP Code
07031
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811211)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
$5.7M
Rural/Urban
Urban
Congressional District
NJ-09

Loan Use Breakdown

Payroll
$407,790

Lender Information

Servicing Lender
Hanover Community Bank
Originating Lender
Hanover Community Bank

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