Bruce Electric, Inc.

$721,475 PPP Loan in East Syracuse, New York

Loan Details

Loan Number
9709007101
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$721,475
Current Approval
$721,475
Forgiveness Amount
$729,915
Forgiveness Date
Jun 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Bruce Electric, Inc.
Address
22 Corporate Circle #3
ZIP Code
13057
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$14.8M
Rural/Urban
Urban
Congressional District
NY-22

Loan Use Breakdown

Payroll
$458,000
Rent
$10,198
Utilities
$1,250
Health Care
$249,027
Debt Interest
$3,000

Lender Information

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

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