PPP Loan information for K&n electric motors, inc

$868,268

K&n electric motors, inc was initially approved for PPP Loan of amount $868,268, the current approved amount is $868,268. The loan was approved on 04/14/2020 by The Banner Bank reported 60 jobs and $868,268 was used to fund payroll.

K&n electric motors, inc is Existing or more than 2 years old

PPP Loan Search / WA / SPOKANE VALLEY / K&n electric motors, inc

K&N ELECTRIC MOTORS, INC

Date Approved

04/14/2020

SBA Office Code

1094

Processing Method

PPP

Borrower Name

K&N ELECTRIC MOTORS, INC

Borrower Address

415 N Fancher Rd

Borrower City

SPOKANE VALLEY

Borrower State

WA

Borrower Zip

99212

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

868267.60

Current Approval Amount

868267.60

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79430

Servicing Lender Name

Banner Bank

Servicing Lender Address

10 S First Ave

Servicing Lender City

WALLA WALLA

Servicing Lender State

WA

Servicing Lender Zip

99362-1942

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPOKANE VALLEY

Project County Name

SPOKANE

Project State

WA

Project Zip

99212-0100

CD

WA-05

Jobs Reported

60

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

52096.06

Payroll Proceed

651200.70

Mortgage Interest Proceed

112874.79

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

52096.05

Business Type

Corporation

Originating Lender Location Id

79430

Originating Lender

Banner Bank

Originating Lender City

WALLA WALLA

Originating Lender State

WA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

875570.56

Forgiveness Date

02/19/2021

;