PPP Loan information for Reliable electric motor, inc.

$187,000

Reliable electric motor, inc. was initially approved for PPP Loan of amount $187,000, the current approved amount is $187,000. The loan was approved on 05/07/2020 by The Liberty Bank reported 10 jobs and $187,000 was used to fund payroll.

Reliable electric motor, inc. is Existing or more than 2 years old

PPP Loan Search / CT / HARTFORD / Reliable electric motor, inc.

RELIABLE ELECTRIC MOTOR, INC.

Date Approved

05/07/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

RELIABLE ELECTRIC MOTOR, INC.

Borrower Address

285 MURPHY ROAD

Borrower City

HARTFORD

Borrower State

CT

Borrower Zip

06114

Loan Status Date

11/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

187000.00

Current Approval Amount

187000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16282

Servicing Lender Name

Liberty Bank

Servicing Lender Address

315 Main St

Servicing Lender City

MIDDLETOWN

Servicing Lender State

CT

Servicing Lender Zip

06457-3345

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HARTFORD

Project County Name

HARTFORD

Project State

CT

Project Zip

06114-1000

CD

CT-01

Jobs Reported

10

NAICS Code

335999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

187000.00

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

16282

Originating Lender

Liberty Bank

Originating Lender City

MIDDLETOWN

Originating Lender State

CT

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

189623.19

Forgiveness Date

10/04/2021

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