PPP borrower record
POWER ELECTRIC CO., INC. PPP loan record
Public SBA PPP loan record for POWER ELECTRIC CO., INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$2,175,000
Approved amount
$2,200,104
Forgiven amount
2020-04-10
Date approved
Borrower and loan details
Borrower
POWER ELECTRIC CO., INC.
Loan number
1605177105
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
Belleville
Borrower state
New Jersey
Borrower ZIP
07109
Jobs reported
135
Loan status
Exemption 4
Forgiveness date
2021-06-09
Servicing lender
JPMorgan Chase Bank, National Association
Originating lender
JPMorgan Chase Bank, National Association
Reported use of proceeds
Payroll
$2,095,000
Rent
$0
Utilities
$5,000
Mortgage interest
$0
Health care
$75,000
Debt interest
$0
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.