PPP Loan information for Rocky mountain electric motors inc

$238,500

Rocky mountain electric motors inc was initially approved for PPP Loan of amount $238,500, the current approved amount is $238,500. The loan was approved on 04/03/2020 by The Home Loan State Bank reported 18 jobs and $238,500 was used to fund payroll.

Rocky mountain electric motors inc is Existing or more than 2 years old

PPP Loan Search / CO / GRAND JUNCTION / Rocky mountain electric motors inc

ROCKY MOUNTAIN ELECTRIC MOTORS INC

Date Approved

04/03/2020

SBA Office Code

0811

Processing Method

PPP

Borrower Name

ROCKY MOUNTAIN ELECTRIC MOTORS INC

Borrower Address

819 PITKIN AVE

Borrower City

GRAND JUNCTION

Borrower State

CO

Borrower Zip

81501-3633

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

238500.00

Current Approval Amount

238500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

110277

Servicing Lender Name

Home Loan State Bank

Servicing Lender Address

205 N 4th St

Servicing Lender City

GRAND JUNCTION

Servicing Lender State

CO

Servicing Lender Zip

81501-2543

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND JUNCTION

Project County Name

MESA

Project State

CO

Project Zip

81501-3633

CD

CO-03

Jobs Reported

18

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

238500.00

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

Subchapter S Corporation

Originating Lender Location Id

110277

Originating Lender

Home Loan State Bank

Originating Lender City

GRAND JUNCTION

Originating Lender State

CO

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

240255.62

Forgiveness Date

12/31/2020

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