PPP Loan information for Electric motor center of springdale, inc.

$93,500

Electric motor center of springdale, inc. was initially approved for PPP Loan of amount $93,500, the current approved amount is $93,500. The loan was approved on 04/08/2020 by The The First National Bank of Fort Smith reported 10 jobs and $93,500 was used to fund payroll.

Electric motor center of springdale, inc. is Existing or more than 2 years old

PPP Loan Search / AR / SPRINGDALE / Electric motor center of springdale, inc.

ELECTRIC MOTOR CENTER OF SPRINGDALE, INC.

Date Approved

04/08/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

ELECTRIC MOTOR CENTER OF SPRINGDALE, INC.

Borrower Address

804 N. Jefferson St

Borrower City

SPRINGDALE

Borrower State

AR

Borrower Zip

72764-3402

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

93500.00

Current Approval Amount

93500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4322

Servicing Lender Name

The First National Bank of Fort Smith

Servicing Lender Address

602 Garrison Ave

Servicing Lender City

FORT SMITH

Servicing Lender State

AR

Servicing Lender Zip

72901-2519

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SPRINGDALE

Project County Name

WASHINGTON

Project State

AR

Project Zip

72764-3402

CD

AR-03

Jobs Reported

10

NAICS Code

811118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6500.00

Payroll Proceed

77500.00

Mortgage Interest Proceed

0.00

Rent Proceed

9500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

4322

Originating Lender

The First National Bank of Fort Smith

Originating Lender City

FORT SMITH

Originating Lender State

AR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

94030.26

Forgiveness Date

11/12/2020

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