PPP Loan information for Electric motor shop of wake forest inc

$842,200

Electric motor shop of wake forest inc was initially approved for PPP Loan of amount $842,200, the current approved amount is $842,200. The loan was approved on 04/04/2020 by The The Fidelity Bank reported 65 jobs and $842,200 was used to fund payroll.

Electric motor shop of wake forest inc is Existing or more than 2 years old

PPP Loan Search / NC / WAKE FOREST / Electric motor shop of wake forest inc

ELECTRIC MOTOR SHOP OF WAKE FOREST INC

Date Approved

04/04/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ELECTRIC MOTOR SHOP OF WAKE FOREST INC

Borrower Address

1225 N. WHITE STREET

Borrower City

WAKE FOREST

Borrower State

NC

Borrower Zip

27587-7120

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

842200.00

Current Approval Amount

842200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50761

Servicing Lender Name

The Fidelity Bank

Servicing Lender Address

100 S Main St

Servicing Lender City

FUQUAY VARINA

Servicing Lender State

NC

Servicing Lender Zip

27526-2221

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WAKE FOREST

Project County Name

WAKE

Project State

NC

Project Zip

27587-7120

CD

NC-02

Jobs Reported

65

NAICS Code

335312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

842200.00

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

50761

Originating Lender

The Fidelity Bank

Originating Lender City

FUQUAY VARINA

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

850762.37

Forgiveness Date

04/12/2021

;