PPP Loan information for Quality electric motor repair inc

$180,000

Quality electric motor repair inc was initially approved for PPP Loan of amount $180,000, the current approved amount is $180,000. The loan was approved on 04/15/2020 by The First Community Bank reported 14 jobs and $180,000 was used to fund payroll.

Quality electric motor repair inc is Existing or more than 2 years old

PPP Loan Search / WV / Rock / Quality electric motor repair inc

QUALITY ELECTRIC MOTOR REPAIR INC

Date Approved

04/15/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

QUALITY ELECTRIC MOTOR REPAIR INC

Borrower Address

151 Broken Arrow Dr

Borrower City

Rock

Borrower State

WV

Borrower Zip

24747

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

180000.00

Current Approval Amount

180000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

75351

Servicing Lender Name

First Community Bank

Servicing Lender Address

29 College Dr

Servicing Lender City

BLUEFIELD

Servicing Lender State

VA

Servicing Lender Zip

24605-1736

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rock

Project County Name

MERCER

Project State

WV

Project Zip

24747-0001

CD

WV-01

Jobs Reported

14

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1080.00

Payroll Proceed

170370.00

Mortgage Interest Proceed

8550.00

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

75351

Originating Lender

First Community Bank

Originating Lender City

BLUEFIELD

Originating Lender State

VA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

181563.29

Forgiveness Date

03/05/2021

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