Beach Electric Company INC

$2,534,330 PPP Loan in Paterson, New Jersey

Loan Details

Loan Number
8073817009
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$2,534,330
Current Approval
$2,534,330
Forgiveness Amount
$2,562,735
Forgiveness Date
Jun 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Beach Electric Company INC
Address
67 - 69 Grove St
ZIP Code
07503
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
59
Estimated Revenue
$19.4M
Rural/Urban
Urban
Congressional District
NJ-09

Loan Use Breakdown

Payroll
$2,534,330

Lender Information

Servicing Lender
Valley National Bank
Originating Lender
Valley National Bank

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