PPP Loan information for Industrial electric motor service, inc.

$571,500

Industrial electric motor service, inc. was initially approved for PPP Loan of amount $571,500, the current approved amount is $571,500. The loan was approved on 05/04/2020 by The Hancock Whitney Bank reported 53 jobs and $571,500 was used to fund payroll.

Industrial electric motor service, inc. is Existing or more than 2 years old

PPP Loan Search / LA / BATON ROUGE / Industrial electric motor service, inc.

INDUSTRIAL ELECTRIC MOTOR SERVICE, INC.

Date Approved

05/04/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

INDUSTRIAL ELECTRIC MOTOR SERVICE, INC.

Borrower Address

8920 BUZBEE DR

Borrower City

BATON ROUGE

Borrower State

LA

Borrower Zip

70809

Loan Status Date

06/04/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

571500.00

Current Approval Amount

571500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39232

Servicing Lender Name

Hancock Whitney Bank

Servicing Lender Address

2510 14th St One Hancock Plz

Servicing Lender City

GULFPORT

Servicing Lender State

MS

Servicing Lender Zip

39501

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BATON ROUGE

Project County Name

EAST BATON ROUGE

Project State

LA

Project Zip

70809-0200

CD

LA-06

Jobs Reported

53

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

571500.00

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

39232

Originating Lender

Hancock Whitney Bank

Originating Lender City

GULFPORT

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

583279.25

Forgiveness Date

05/19/2022

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