PPP Loan information for Prime electric motors

$113,600

Prime electric motors was initially approved for PPP Loan of amount $113,600, the current approved amount is $113,600. The loan was approved on 04/06/2020 by The Gorham Savings Bank reported 10 jobs and $113,600 was used to fund payroll.

Prime electric motors is Existing or more than 2 years old

PPP Loan Search / ME / GORHAM / Prime electric motors

PRIME ELECTRIC MOTORS

Date Approved

04/06/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

PRIME ELECTRIC MOTORS

Borrower Address

72 Sanford Drive

Borrower City

GORHAM

Borrower State

ME

Borrower Zip

04038-2646

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

59

SBA Guaranty Percentage

100

Initial Approval Amount

113600.00

Current Approval Amount

113600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29691

Servicing Lender Name

Gorham Savings Bank

Servicing Lender Address

64 Main St

Servicing Lender City

GORHAM

Servicing Lender State

ME

Servicing Lender Zip

04038-1304

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GORHAM

Project County Name

CUMBERLAND

Project State

ME

Project Zip

04038-2646

CD

ME-01

Jobs Reported

10

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

113600.00

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

29691

Originating Lender

Gorham Savings Bank

Originating Lender City

GORHAM

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

114281.60

Forgiveness Date

11/24/2020

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