PPP Loan information for Electrical design & motor control inc

$1,477,000

Electrical design & motor control inc was initially approved for PPP Loan of amount $1,477,000, the current approved amount is $1,477,000. The loan was approved on 04/27/2020 by The Five Star Bank reported 84 jobs and $1,477,000 was used to fund payroll.

Electrical design & motor control inc is Existing or more than 2 years old

PPP Loan Search / CA / ROSEVILLE / Electrical design & motor control inc

ELECTRICAL DESIGN & MOTOR CONTROL INC

Date Approved

04/27/2020

SBA Office Code

0931

Processing Method

PPP

Borrower Name

ELECTRICAL DESIGN & MOTOR CONTROL INC

Borrower Address

500 Giuseppe Court #4

Borrower City

ROSEVILLE

Borrower State

CA

Borrower Zip

95678-6305

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1477000.00

Current Approval Amount

1477000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124369

Servicing Lender Name

Five Star Bank

Servicing Lender Address

3100 Zinfandel Dr. Ste. 650

Servicing Lender City

Rancho Cordova

Servicing Lender State

CA

Servicing Lender Zip

95670

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROSEVILLE

Project County Name

PLACER

Project State

CA

Project Zip

95678-6305

CD

CA-03

Jobs Reported

84

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1437000.00

Mortgage Interest Proceed

0.00

Rent Proceed

40000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

124369

Originating Lender

Five Star Bank

Originating Lender City

Rancho Cordova

Originating Lender State

CA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1486067.14

Forgiveness Date

12/08/2020

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