PPP Loan information for Industrial electric motor works, inc

$808,625

Industrial electric motor works, inc was initially approved for PPP Loan of amount $808,625, the current approved amount is $808,625. The loan was approved on 04/10/2020 by The Trustmark National Bank reported 53 jobs and $808,625 was used to fund payroll.

Industrial electric motor works, inc is Existing or more than 2 years old

PPP Loan Search / MS / MERIDIAN / Industrial electric motor works, inc

INDUSTRIAL ELECTRIC MOTOR WORKS, INC

Date Approved

04/10/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

INDUSTRIAL ELECTRIC MOTOR WORKS, INC

Borrower Address

1551 Redman Road

Borrower City

MERIDIAN

Borrower State

MS

Borrower Zip

39305-8428

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

808625.00

Current Approval Amount

808625.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39334

Servicing Lender Name

Trustmark National Bank

Servicing Lender Address

248 E Capitol St

Servicing Lender City

JACKSON

Servicing Lender State

MS

Servicing Lender Zip

39201-2503

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MERIDIAN

Project County Name

LAUDERDALE

Project State

MS

Project Zip

39305-8428

CD

MS-03

Jobs Reported

53

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

808625.00

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

39334

Originating Lender

Trustmark National Bank

Originating Lender City

JACKSON

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

803017.44

Forgiveness Date

11/05/2020

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