Demand Electric Inc.

$1,462,805 PPP Loan in Elmwood Park, New Jersey

Loan Details

Loan Number
5333177207
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$1,462,805
Current Approval
$1,462,805
Forgiveness Amount
$1,470,286
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Demand Electric Inc.
Address
Tbd
ZIP Code
07407
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
80
Estimated Revenue
$26.3M
Rural/Urban
Urban
Congressional District
NJ-09

Loan Use Breakdown

Payroll
$1,462,805

Lender Information

Servicing Lender
Spencer Savings Bank, Sla
Originating Lender
Spencer Savings Bank, Sla

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