Modern Electric Co
$4,658,625 PPP Loan in Clifton, New Jersey
Loan Details
- Loan Number
- 5554077107
- Date Approved
- Apr 13, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $4,658,625
- Current Approval
- $4,658,625
- Forgiveness Amount
- $3,310,981
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Modern Electric Co
- Address
- 71 Crooks Avenue
- City
- Clifton
- State
- New Jersey
- ZIP Code
- 07011-1011
- Business Type
- Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 150
- Estimated Revenue
- $49.4M
- Rural/Urban
- Urban
- Congressional District
- NJ-09
Loan Use Breakdown
- Payroll
- $4,658,625
Lender Information
- Servicing Lender
- Valley National Bank
- Originating Lender
- Valley National Bank
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