As part of the Paycheck Protection Program POWER ELECTRIC CO., INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

POWER ELECTRIC CO., INC


Loan Amount	$2,175,000
BusinessName	POWER ELECTRIC CO., INC
Address	10-22 North 7th Street
City	Belleville
State	NJ
Zip	7109
NAICSCode	238210
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	135
DateApproved	04/10/2020
Lender	JPMorgan Chase Bank, National Association
CD	NJ-08
BusinessName.clean	POWER ELECTRIC CO

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

POWER ENERGY LOGISTICS
POWER ENGINEERING CONSTRUCTION COMPANY
POWER EQUIPMENT CO
POWER FACTOR ELECTRIC
POWER GEN COMPONENTS