Date Approved
04/11/2020
SBA Office Code
0562
Processing Method
PPP
Borrower Name
ELECTRIC MOTOR SERVICES
Borrower Address
6350 INDIANAPOLIS BLVD
Borrower City
HAMMOND
Borrower State
IN
Borrower Zip
46320
Loan Status Date
10/09/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
726850.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
397957
Servicing Lender Name
Providence Bank & Trust
Servicing Lender Address
630 E 162nd St
Servicing Lender City
SOUTH HOLLAND
Servicing Lender State
IL
Servicing Lender Zip
60473-2328
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
LAKE
Project State
Project Zip
46320-0001
CD
IN-01
Jobs Reported
93
NAICS Code
238210
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
547442.71
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
179407.29
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
736824.00
Forgiveness Date
08/30/2021