PPP Loan information for Rome electric motor works, inc.

$601,000

Rome electric motor works, inc. was initially approved for PPP Loan of amount $601,000, the current approved amount is $601,000. The loan was approved on 04/29/2020 by The First National Community Bank reported 60 jobs and $601,000 was used to fund payroll.

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

PPP Loan Search / GA / ROME / Rome electric motor works, inc.

ROME ELECTRIC MOTOR WORKS, INC.

Date Approved

04/29/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

ROME ELECTRIC MOTOR WORKS, INC.

Borrower Address

36 Westside Industrial Boulevard

Borrower City

ROME

Borrower State

GA

Borrower Zip

30165

Loan Status Date

06/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

601000.00

Current Approval Amount

601000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19209

Servicing Lender Name

First National Community Bank

Servicing Lender Address

701 N 3rd Ave

Servicing Lender City

CHATSWORTH

Servicing Lender State

GA

Servicing Lender Zip

30705-2545

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROME

Project County Name

FLOYD

Project State

GA

Project Zip

30165-0001

CD

GA-14

Jobs Reported

60

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

601000.00

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

19209

Originating Lender

First National Community Bank

Originating Lender City

CHATSWORTH

Originating Lender State

GA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

607243.72

Forgiveness Date

05/20/2021

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