ALTEK ELECTRONICS INC (CT) - 2020 PPP Loan Borrower Profile (# 7055367704)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALTEK ELECTRONICS INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Connecticut.

Loan Detail

Loan Number

7055367704

SBA Office Code

0156

Processing Method

PPP

Curent Loan Amount

$1,991,370

Date Loan was Approved

May 1, 2020

Amount Forgiven

$2,009,428.73

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,991,370

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

334515

Borrower Location

TORRINGTON, CT

Project Location

TORRINGTON, CT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

165

Business Age Description

New Business or 2 years or less

Data Source: SBA.