# PPP loan: BULLET ELECTRIC INC
> **$1.73M** approved 04/06/2020 · Paid in Full · Loan `5757707008`
## Borrower
- **Name:** BULLET ELECTRIC INC
- **Address:** 45 CARLTON AVE, EAST RUTHERFORD, NJ, 07073-1613
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.73M
- **Initial approval:** $1.31M
- **Forgiven:** $1.76M (102%)
- **Forgiveness date:** 05/27/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.73M
- **Jobs reported:** 52
## Lender
- **Originating:** Columbia Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*