Progressive Electric Inc.
$64,588 PPP Loan in E. Hanover, New Jersey
Loan Details
- Loan Number
- 7719217208
- Date Approved
- Apr 28, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $64,588
- Current Approval
- $64,588
- Forgiveness Amount
- $65,170
- Forgiveness Date
- Apr 1, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Progressive Electric Inc.
- Address
- 40 Eagle Rock Ave., Suite A, P.o. Box 575
- City
- E. Hanover
- State
- New Jersey
- ZIP Code
- 07936
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 6
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- NJ-11
Loan Use Breakdown
- Payroll
- $52,316
- Rent
- $8,074
- Utilities
- $129
- Health Care
- $4,069
Lender Information
- Servicing Lender
- American Express National Bank
- Originating Lender
- American Express National Bank
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