PPP Loan information for Electric motors plus, llc

$57,400

Electric motors plus, llc was initially approved for PPP Loan of amount $57,400, the current approved amount is $57,400. The loan was approved on 04/15/2020 by The Meridian Bank reported 4 jobs and $57,400 was used to fund payroll.

Electric motors plus, llc is Existing or more than 2 years old

PPP Loan Search / PA / WARMINSTER / Electric motors plus, llc

ELECTRIC MOTORS PLUS, LLC

Date Approved

04/15/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

ELECTRIC MOTORS PLUS, LLC

Borrower Address

31 Commerce Dr

Borrower City

WARMINSTER

Borrower State

PA

Borrower Zip

18974

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

57400.00

Current Approval Amount

57400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378591

Servicing Lender Name

Meridian Bank

Servicing Lender Address

9 Old Lincoln Hwy

Servicing Lender City

MALVERN

Servicing Lender State

PA

Servicing Lender Zip

19355-2551

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WARMINSTER

Project County Name

BUCKS

Project State

PA

Project Zip

18974-0001

CD

PA-01

Jobs Reported

4

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2000.00

Payroll Proceed

43400.00

Mortgage Interest Proceed

0.00

Rent Proceed

12000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

378591

Originating Lender

Meridian Bank

Originating Lender City

MALVERN

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

58051.06

Forgiveness Date

06/10/2021

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