PPP Loan information for The electric motor shop incorporated

$97,400

The electric motor shop incorporated was initially approved for PPP Loan of amount $97,400, the current approved amount is $97,400. The loan was approved on 01/31/2021 by The Fidelity Bank & Trust reported 9 jobs and $97,400 was used to fund payroll.

The electric motor shop incorporated is Existing or more than 2 years old

PPP Loan Search / IA / Postville / The electric motor shop incorporated

THE ELECTRIC MOTOR SHOP INCORPORATED

Date Approved

01/31/2021

SBA Office Code

0736

Processing Method

PPP

Borrower Name

THE ELECTRIC MOTOR SHOP INCORPORATED

Borrower Address

12637 Highway 18

Borrower City

Postville

Borrower State

IA

Borrower Zip

52162-9086

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

97400.00

Current Approval Amount

97400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24939

Servicing Lender Name

Fidelity Bank & Trust

Servicing Lender Address

4250 Asbury Rd

Servicing Lender City

DUBUQUE

Servicing Lender State

IA

Servicing Lender Zip

52002-2892

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Postville

Project County Name

CLAYTON

Project State

IA

Project Zip

52162-9086

CD

IA-02

Jobs Reported

9

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

97400.00

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

24939

Originating Lender

Fidelity Bank & Trust

Originating Lender City

DUBUQUE

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

97725.56

Forgiveness Date

06/14/2021

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