Octal Corporation
$354,242 PPP Loan in Teaneck, New Jersey
Loan Details
- Loan Number
- 6110897306
- Date Approved
- Apr 30, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $354,242
- Current Approval
- $354,242
- Forgiveness Amount
- $357,849
- Forgiveness Date
- May 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Octal Corporation
- Address
- 125 Galway Pl, Unit B
- City
- Teaneck
- State
- New Jersey
- ZIP Code
- 07666
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (336992)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 30
- Estimated Revenue
- $7.9M
- Rural/Urban
- Urban
- Congressional District
- NJ-05
Loan Use Breakdown
- Payroll
- $285,000
- Rent
- $31,242
- Utilities
- $15,000
- Health Care
- $22,000
- Debt Interest
- $1,000
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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