BDR - Blonder Tongue Laboratories jumps 13% on PPP loan of 1.77M forgiveness

Blonder Tongue Laboratories (BDR) receives forgiveness of ~$1.77M loan proceeds previously received under the Paycheck Protection Program.The Company had previously received a PPP Loan of $1.77M under the federal PPP Program.  The interest rate on the note was 0.98% per annum, with interest accruing on the unpaid principal balance computed on the basis of the actual number of days elapsed in a year of 360 days.Shares gain 13% during pre-market hoursPress Release

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Blonder Tongue Laboratories jumps 13% on PPP loan of 1.77M forgiveness