PPP Loan information for Electric motor supply company

$672,100

Electric motor supply company was initially approved for PPP Loan of amount $672,100, the current approved amount is $672,100. The loan was approved on 04/27/2020 by The Star Bank reported 46 jobs and $672,100 was used to fund payroll.

Electric motor supply company is Existing or more than 2 years old

PPP Loan Search / MN / FRIDLEY / Electric motor supply company

ELECTRIC MOTOR SUPPLY COMPANY

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ELECTRIC MOTOR SUPPLY COMPANY

Borrower Address

4650 MAIN ST NE

Borrower City

FRIDLEY

Borrower State

MN

Borrower Zip

55421-2131

Loan Status Date

02/16/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

672100.00

Current Approval Amount

672100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36651

Servicing Lender Name

Star Bank

Servicing Lender Address

100 State Hwy 55 E

Servicing Lender City

MAPLE LAKE

Servicing Lender State

MN

Servicing Lender Zip

55358-4596

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FRIDLEY

Project County Name

ANOKA

Project State

MN

Project Zip

55421-2131

CD

MN-05

Jobs Reported

46

NAICS Code

423610

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

672100.00

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

36651

Originating Lender

Star Bank

Originating Lender City

MAPLE LAKE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

680949.32

Forgiveness Date

08/25/2021

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