PPP Loan information for American electric motor corp

$111,649

American electric motor corp was initially approved for PPP Loan of amount $111,647, the current approved amount is $111,649. The loan was approved on 04/08/2020 by The The State Bank reported 10 jobs and $111,649 was used to fund payroll.

American electric motor corp is Existing or more than 2 years old

PPP Loan Search / MI / BURTON / American electric motor corp

AMERICAN ELECTRIC MOTOR CORP

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

AMERICAN ELECTRIC MOTOR CORP

Borrower Address

4100 DAVISON RD

Borrower City

BURTON

Borrower State

MI

Borrower Zip

48509-1455

Loan Status Date

04/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

111647.00

Current Approval Amount

111649.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34774

Servicing Lender Name

The State Bank

Servicing Lender Address

101 N Leroy St

Servicing Lender City

FENTON

Servicing Lender State

MI

Servicing Lender Zip

48430-3804

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BURTON

Project County Name

GENESEE

Project State

MI

Project Zip

48509-1455

CD

MI-08

Jobs Reported

10

NAICS Code

335312

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

111649.00

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

34774

Originating Lender

The State Bank

Originating Lender City

FENTON

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

112682.90

Forgiveness Date

03/23/2021

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