PPP Loan information for Industrial electric motors, inc.

$86,000

Industrial electric motors, inc. was initially approved for PPP Loan of amount $86,000, the current approved amount is $86,000. The loan was approved on 04/07/2020 by The CNB Bank reported 10 jobs and $86,000 was used to fund payroll.

Industrial electric motors, inc. is Existing or more than 2 years old

PPP Loan Search / NM / CARLSBAD / Industrial electric motors, inc.

INDUSTRIAL ELECTRIC MOTORS, INC.

Date Approved

04/07/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

INDUSTRIAL ELECTRIC MOTORS, INC.

Borrower Address

838 S. Canyon St

Borrower City

CARLSBAD

Borrower State

NM

Borrower Zip

88220-5565

Loan Status Date

06/03/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

86000.00

Current Approval Amount

86000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45735

Servicing Lender Name

CNB Bank

Servicing Lender Address

202 W Stevens St

Servicing Lender City

CARLSBAD

Servicing Lender State

NM

Servicing Lender Zip

88220-5837

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CARLSBAD

Project County Name

EDDY

Project State

NM

Project Zip

88220-5565

CD

NM-02

Jobs Reported

10

NAICS Code

811118

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

86000.00

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

45735

Originating Lender

CNB Bank

Originating Lender City

CARLSBAD

Originating Lender State

NM

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

86511.22

Forgiveness Date

11/17/2020

;