PPP Loan information for Electro motor inc

$249,331

Electro motor inc was initially approved for PPP Loan of amount $249,331, the current approved amount is $249,331. The loan was approved on 04/10/2020 by The Bank of Tennessee reported 26 jobs and $249,331 was used to fund payroll.

Electro motor inc is Existing or more than 2 years old

PPP Loan Search / TN / PINEY FLATS / Electro motor inc

ELECTRO MOTOR INC

Date Approved

04/10/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

ELECTRO MOTOR INC

Borrower Address

411 CENTURY CT

Borrower City

PINEY FLATS

Borrower State

TN

Borrower Zip

37686-4468

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

249331.00

Current Approval Amount

249331.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67108

Servicing Lender Name

Bank of Tennessee

Servicing Lender Address

301 E Center St

Servicing Lender City

KINGSPORT

Servicing Lender State

TN

Servicing Lender Zip

37660-4801

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PINEY FLATS

Project County Name

SULLIVAN

Project State

TN

Project Zip

37686-4468

CD

TN-01

Jobs Reported

26

NAICS Code

335312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

249331.00

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

Corporation

Originating Lender Location Id

67108

Originating Lender

Bank of Tennessee

Originating Lender City

KINGSPORT

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

251727.35

Forgiveness Date

03/30/2021

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