Tru-Val Electric Corp.

$2,000,000 PPP Loan in Rutherford, New Jersey

Loan Details

Loan Number
7577038300
Date Approved
Jan 28, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,023,836
Forgiveness Date
Apr 13, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Tru-Val Electric Corp.
Address
85 Orient Way
ZIP Code
07070-2070
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
147
Estimated Revenue
$48.4M
Rural/Urban
Urban
Congressional District
NJ-09

Loan Use Breakdown

Payroll
$1,999,997
Utilities
$1

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Columbia Bank

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