PPP Loan information for First electric motor service, inc.

$549,300

First electric motor service, inc. was initially approved for PPP Loan of amount $549,300, the current approved amount is $549,300. The loan was approved on 04/03/2020 by The The Savings Bank reported 33 jobs and $549,300 was used to fund payroll.

First electric motor service, inc. is Existing or more than 2 years old

PPP Loan Search / MA / WOBURN / First electric motor service, inc.

FIRST ELECTRIC MOTOR SERVICE, INC.

Date Approved

04/03/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

FIRST ELECTRIC MOTOR SERVICE, INC.

Borrower Address

73 OLYMPIA AVE

Borrower City

WOBURN

Borrower State

MA

Borrower Zip

01801-2022

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

549300.00

Current Approval Amount

549300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33385

Servicing Lender Name

The Savings Bank

Servicing Lender Address

357 Main St

Servicing Lender City

WAKEFIELD

Servicing Lender State

MA

Servicing Lender Zip

01880-5027

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WOBURN

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01801-2022

CD

MA-05

Jobs Reported

33

NAICS Code

339999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

549300.00

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

33385

Originating Lender

The Savings Bank

Originating Lender City

WAKEFIELD

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

553694.40

Forgiveness Date

01/25/2021

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