PPP Loan information for R/s electric motor corp.

$120,000

R/s electric motor corp. was initially approved for PPP Loan of amount $120,000, the current approved amount is $120,000. The loan was approved on 04/05/2020 by The Commerce Bank reported 10 jobs and $120,000 was used to fund payroll.

R/s electric motor corp. is Existing or more than 2 years old

PPP Loan Search / MO / SAINT JOSEPH / R/s electric motor corp.

R/S ELECTRIC MOTOR CORP.

Date Approved

04/05/2020

SBA Office Code

0709

Processing Method

PPP

Borrower Name

R/S ELECTRIC MOTOR CORP.

Borrower Address

1422 S. 6th St

Borrower City

SAINT JOSEPH

Borrower State

MO

Borrower Zip

64501-3638

Loan Status Date

04/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

120000.00

Current Approval Amount

120000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

40781

Servicing Lender Name

Commerce Bank

Servicing Lender Address

1000 Walnut St, 11th Fl

Servicing Lender City

KANSAS CITY

Servicing Lender State

MO

Servicing Lender Zip

64106-2107

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SAINT JOSEPH

Project County Name

BUCHANAN

Project State

MO

Project Zip

64501-3638

CD

MO-06

Jobs Reported

10

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4000.00

Payroll Proceed

99000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

17000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

40781

Originating Lender

Commerce Bank

Originating Lender City

KANSAS CITY

Originating Lender State

MO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

121066.67

Forgiveness Date

02/25/2021

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