PPP Loan information for Electric motors & drives, inc.

$131,935

Electric motors & drives, inc. was initially approved for PPP Loan of amount $131,935, the current approved amount is $131,935. The loan was approved on 04/14/2020 by The SouthState Bank, National Association reported 11 jobs and $131,935 was used to fund payroll.

Electric motors & drives, inc. is Existing or more than 2 years old

PPP Loan Search / SC / ANDERSON / Electric motors & drives, inc.

ELECTRIC MOTORS & DRIVES, INC.

Date Approved

04/14/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

ELECTRIC MOTORS & DRIVES, INC.

Borrower Address

2417 US HIGHWAY 29 NORTH

Borrower City

ANDERSON

Borrower State

SC

Borrower Zip

29621

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

131935.00

Current Approval Amount

131935.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

117723

Servicing Lender Name

SouthState Bank, National Association

Servicing Lender Address

1101 First St South

Servicing Lender City

WINTER HAVEN

Servicing Lender State

FL

Servicing Lender Zip

33880-3908

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ANDERSON

Project County Name

ANDERSON

Project State

SC

Project Zip

29621-1000

CD

SC-03

Jobs Reported

11

NAICS Code

335312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

131935.00

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

117723

Originating Lender

SouthState Bank, National Association

Originating Lender City

WINTER HAVEN

Originating Lender State

FL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

132700.96

Forgiveness Date

11/20/2020

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