PPP Loan information for B&m electric motor service, inc.

$207,859

B&m electric motor service, inc. was initially approved for PPP Loan of amount $207,800, the current approved amount is $207,859. The loan was approved on 04/16/2020 by The Truist Bank reported 17 jobs and $207,859 was used to fund payroll.

B&m electric motor service, inc. is Existing or more than 2 years old

PPP Loan Search / NC / HICKORY / B&m electric motor service, inc.

B&M ELECTRIC MOTOR SERVICE, INC.

Date Approved

04/16/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

B&M ELECTRIC MOTOR SERVICE, INC.

Borrower Address

20 17th Street Pl NW

Borrower City

HICKORY

Borrower State

NC

Borrower Zip

28601-5819

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

207800.00

Current Approval Amount

207859.06

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HICKORY

Project County Name

CATAWBA

Project State

NC

Project Zip

28601-0500

CD

NC-10

Jobs Reported

17

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

207859.06

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

209314.07

Forgiveness Date

01/19/2021

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