PPP Loan information for Morgan electric motor co.

$20,900

Morgan electric motor co. was initially approved for PPP Loan of amount $20,900, the current approved amount is $20,900. The loan was approved on 04/15/2020 by The South Central Bank, Inc. reported 5 jobs and $20,900 was used to fund payroll.

Morgan electric motor co. is Existing or more than 2 years old

PPP Loan Search / KY / SHEPHERDSVILLE / Morgan electric motor co.

MORGAN ELECTRIC MOTOR CO.

Date Approved

04/15/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

MORGAN ELECTRIC MOTOR CO.

Borrower Address

295 SALT WELL RD

Borrower City

SHEPHERDSVILLE

Borrower State

KY

Borrower Zip

40165-8288

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

20900.00

Current Approval Amount

20900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27775

Servicing Lender Name

South Central Bank, Inc.

Servicing Lender Address

501 S L Rogers Wells Blvd

Servicing Lender City

GLASGOW

Servicing Lender State

KY

Servicing Lender Zip

42141

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SHEPHERDSVILLE

Project County Name

BULLITT

Project State

KY

Project Zip

40165-8288

CD

KY-02

Jobs Reported

5

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

19620.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

1280.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

27775

Originating Lender

South Central Bank, Inc.

Originating Lender City

GLASGOW

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

21098.55

Forgiveness Date

03/26/2021

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