As part of the Paycheck Protection Program UNIVERSAL ELECTRIC MOTOR SERVICE 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.

UNIVERSAL ELECTRIC MOTOR SERVICE INC


Loan Amount	$947,295
BusinessName	UNIVERSAL ELECTRIC MOTOR SERVICE INC
Address	131 SOUTH NEWMAN STREET
City	HACKENSACK
State	NJ
Zip	7601
NAICSCode	811310
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported
DateApproved	05/01/2020
Lender	Wells Fargo Bank, National Association
CD	NJ-05
BusinessName.clean	UNIVERSAL ELECTRIC MOTOR SERVICE

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

UNIVERSAL ELECTRONICS
UNIVERSAL ENGRAVING
BAY VALVE SERVICE ENGINEERING
UNIVERSAL ENVIRONMENTAL SERVICES
UNIVERSAL FIELD SERVICES