Peerless Umbrella Co., INC

$1,194,402 PPP Loan in Newark, New Jersey

Loan Details

Loan Number
7352367101
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$1,194,402
Current Approval
$1,194,402
Forgiveness Amount
$1,203,041
Forgiveness Date
Jan 13, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Peerless Umbrella Co., INC
Address
427 Ferry Street
City
Newark
ZIP Code
07105
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (339999)
Business Age
Existing or more than 2 years old
Jobs Reported
127
Estimated Revenue
$35.5M
Rural/Urban
Urban
Congressional District
NJ-08

Loan Use Breakdown

Payroll
$954,402
Rent
$105,000
Utilities
$38,000
Health Care
$53,000
Debt Interest
$44,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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