Powerspec INC

$210,000 PPP Loan in Somerville, New Jersey

Loan Details

Loan Number
6043257203
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$210,000
Current Approval
$210,000
Forgiveness Amount
$211,107
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Powerspec INC
Address
25 4th St
ZIP Code
08876-3205
Business Type
Corporation
Industry (NAICS)
Manufacturing (335999)
Business Age
Existing or more than 2 years old
Jobs Reported
21
Estimated Revenue
$5.5M
Rural/Urban
Urban
Congressional District
NJ-07

Loan Use Breakdown

Payroll
$210,000

Lender Information

Servicing Lender
First State Bank of Forrest
Originating Lender
First State Bank of Forrest

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