Systems Electronic INC

$150,000 PPP Loan in Prospect Park, New Jersey

Loan Details

Loan Number
2758467703
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$150,000
Current Approval
$75,000
Forgiveness Amount
$75,694
Forgiveness Date
Apr 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Systems Electronic INC
Address
224 Fairview Ave
ZIP Code
07508
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
NJ-09

Loan Use Breakdown

Payroll
$49,500
Rent
$9,000
Utilities
$1,500
Health Care
$7,500
Debt Interest
$7,500

Lender Information

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

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