PPP Loan information for The electric motor repair company

$2,000,000

The electric motor repair company was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/25/2021 by The Truist Bank reported 188 jobs and $2,000,000 was used to fund payroll.

The electric motor repair company is Existing or more than 2 years old

PPP Loan Search / MD / Rosedale / The electric motor repair company

THE ELECTRIC MOTOR REPAIR COMPANY

Date Approved

02/25/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

THE ELECTRIC MOTOR REPAIR COMPANY

Borrower Address

9100 Yellow Brick Rd Ste H

Borrower City

Rosedale

Borrower State

MD

Borrower Zip

21237-4704

Loan Status Date

03/03/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rosedale

Project County Name

BALTIMORE

Project State

MD

Project Zip

21237-4704

CD

MD-02

Jobs Reported

188

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2019722.22

Forgiveness Date

02/17/2022

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