PPP Loan information for Richards electric motor co.

$504,008

Richards electric motor co. was initially approved for PPP Loan of amount $504,008, the current approved amount is $504,008. The loan was approved on 04/06/2020 by The First Bankers Trust Company, National Association reported 43 jobs and $504,008 was used to fund payroll.

Richards electric motor co. is Existing or more than 2 years old

PPP Loan Search / IL / QUINCY / Richards electric motor co.

RICHARDS ELECTRIC MOTOR CO.

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

RICHARDS ELECTRIC MOTOR CO.

Borrower Address

2028 Quintron Way

Borrower City

QUINCY

Borrower State

IL

Borrower Zip

62305-1207

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

504007.95

Current Approval Amount

504007.95

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22382

Servicing Lender Name

First Bankers Trust Company, National Association

Servicing Lender Address

1201 Broadway

Servicing Lender City

QUINCY

Servicing Lender State

IL

Servicing Lender Zip

62301-2811

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

QUINCY

Project County Name

ADAMS

Project State

IL

Project Zip

62305-1207

CD

IL-15

Jobs Reported

43

NAICS Code

335312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

504007.95

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

22382

Originating Lender

First Bankers Trust Company, National Association

Originating Lender City

QUINCY

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

507888.12

Forgiveness Date

01/25/2021

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