ALBRIGHT ELECTRIC LLC (NJ) - 2020 PPP Loan Borrower Profile (# 1723537706)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ALBRIGHT ELECTRIC LLC. 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 New Jersey.
Loan Detail
Loan Number
1723537706
SBA Office Code
0299
Processing Method
PPP
Curent Loan Amount
$85,535
Date Loan was Approved
May 1, 2020
Amount Forgiven
$86,652.66
Date Loan was Forgiven
Aug 25, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Utilities Proced
3,135
Payroll Proced
68,000
Rent Proceed
8,400
Debt Interest Proceed
6,000
Lender
JPMorgan Chase Bank, National Association
Business Detail
Business Type
Limited Liability Company(LLC)
NAICS
238210
Borrower Location
MAHWAH, NJ
Project Location
MAHWAH, NJ
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
6
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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