PPP borrower record
MODERN ELECTRIC CO PPP loan record
Public SBA PPP loan record for MODERN ELECTRIC CO. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$4,658,625
Approved amount
$3,310,981
Forgiven amount
2020-04-13
Date approved
Borrower and loan details
Borrower
MODERN ELECTRIC CO
Loan number
5554077107
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Clifton
Borrower state
New Jersey
Borrower ZIP
07011
Jobs reported
150
Loan status
Exemption 4
Forgiveness date
2021-06-11
Servicing lender
Valley National Bank
Originating lender
Valley National Bank
Reported use of proceeds
Payroll
$4,658,625
Rent
N/A
Utilities
N/A
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
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.