PPP Loan information for Electromechanical research laboratories inc.

Date Approved

04/13/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

ELECTROMECHANICAL RESEARCH LABORATORIES INC.

Borrower Address

2560 Charlestown Rd

Borrower City

New Albany

Borrower State

IN

Borrower Zip

47150-2557

Loan Status Date

12/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1193300.00

Current Approval Amount

1193300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27542

Servicing Lender Name

Republic Bank & Trust Company

Servicing Lender Address

601 W Market St Republic Corporate Center

Servicing Lender City

LOUISVILLE

Servicing Lender State

KY

Servicing Lender Zip

40202

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

New Albany

Project County Name

FLOYD

Project State

IN

Project Zip

47150-2557

CD

IN-09

Jobs Reported

75

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1193300.00

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

Corporation

Originating Lender Location Id

27542

Originating Lender

Republic Bank & Trust Company

Originating Lender City

LOUISVILLE

Originating Lender State

KY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1199896.30

Forgiveness Date

11/09/2021