PPP Loan information for Quality electric motor repair inc.

$181,700

Quality electric motor repair inc. was initially approved for PPP Loan of amount $181,700, the current approved amount is $181,700. The loan was approved on 02/17/2021 by The First Community Bank reported 15 jobs and $181,700 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

02/17/2021

SBA Office Code

0390

Processing Method

PPS

Borrower Name

QUALITY ELECTRIC MOTOR REPAIR INC.

Borrower Address

151 Broken Arrow Dr

Borrower City

Rock

Borrower State

WV

Borrower Zip

24747-9111

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

181700.00

Current Approval Amount

181700.00

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

24747-9111

CD

WV-01

Jobs Reported

15

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

181695.00

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

75351

Originating Lender

First Community Bank

Originating Lender City

BLUEFIELD

Originating Lender State

VA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

183586.69

Forgiveness Date

03/10/2022

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