Quality Electric Motor Repair INC

$180,000 PPP Loan in Rock, West Virginia

Loan Details

Loan Number
1054657208
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$180,000
Current Approval
$180,000
Forgiveness Amount
$181,563
Forgiveness Date
Mar 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Quality Electric Motor Repair INC
Address
151 Broken Arrow Dr
City
Rock
ZIP Code
24747
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811310)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
WV-01

Loan Use Breakdown

Payroll
$170,370
Utilities
$1,080
Mortgage Interest
$8,550

Lender Information

Servicing Lender
First Community Bank
Originating Lender
First Community Bank

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