Bana Electric Corp

$1,440,155 PPP Loan in Farmingdale, New York

Loan Details

Loan Number
8175647105
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,440,155
Current Approval
$1,440,155
Forgiveness Amount
$1,455,622
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Bana Electric Corp
Address
50 Gazza Boulevard
ZIP Code
11735
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
49
Estimated Revenue
$16.1M
Rural/Urban
Urban
Congressional District
NY-02

Loan Use Breakdown

Payroll
$1,239,000
Rent
$24,000
Utilities
$2,155
Health Care
$175,000

Lender Information

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

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