Universal Electric Motor Service INC

$947,295 PPP Loan in Hackensack, New Jersey

Loan Details

Loan Number
4716797709
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$947,295
Current Approval
$947,295
Forgiveness Amount
$960,142
Forgiveness Date
Sep 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Universal Electric Motor Service INC
Address
131 South Newman Street
ZIP Code
07601
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (811310)
Business Age
Existing or more than 2 years old
Jobs Reported
46
Estimated Revenue
$9.9M
Rural/Urban
Urban
Congressional District
NJ-05

Loan Use Breakdown

Payroll
$947,295

Lender Information

Servicing Lender
Wells Fargo Bank, National Association
Originating Lender
Wells Fargo Bank, National Association

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