Parson Associates Electrical Contractors

$2,725,069 PPP Loan in Magnolia, New Jersey

Loan Details

Loan Number
4720577106
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$2,725,069
Current Approval
$2,725,069
Forgiveness Amount
$2,756,407
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Parson Associates Electrical Contractors
Address
220 Davis Road
ZIP Code
08049-1215
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
182
Estimated Revenue
$59.9M
Rural/Urban
Urban
Congressional District
NJ-01

Loan Use Breakdown

Payroll
$2,043,801
Rent
$340,634
Utilities
$340,634

Lender Information

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

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