PPP Loan information for Electric motor sales and service, inc.

$364,000

Electric motor sales and service, inc. was initially approved for PPP Loan of amount $364,000, the current approved amount is $364,000. The loan was approved on 04/15/2020 by The Cadence Bank reported 20 jobs and $364,000 was used to fund payroll.

Electric motor sales and service, inc. is Existing or more than 2 years old

PPP Loan Search / MS / COLUMBUS / Electric motor sales and service, inc.

ELECTRIC MOTOR SALES AND SERVICE, INC.

Date Approved

04/15/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

ELECTRIC MOTOR SALES AND SERVICE, INC.

Borrower Address

232 ALABAMA ST

Borrower City

COLUMBUS

Borrower State

MS

Borrower Zip

39702-5204

Loan Status Date

08/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

364000.00

Current Approval Amount

364000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39848

Servicing Lender Name

Cadence Bank

Servicing Lender Address

201 S Spring St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4811

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

COLUMBUS

Project County Name

LOWNDES

Project State

MS

Project Zip

39702-5204

CD

MS-01

Jobs Reported

20

NAICS Code

335312

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

364000.00

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

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

368398.33

Forgiveness Date

07/22/2021

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