Piedmont Electric Motor Repair of Asheboro Inc.

$252,000 PPP Loan in Asheboro, North Carolina

Loan Details

Loan Number
1779328501
Date Approved
Feb 19, 2021
Loan Status
Paid in Full
Initial Approval
$252,000
Current Approval
$252,000
Forgiveness Amount
$254,086
Forgiveness Date
Dec 23, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Piedmont Electric Motor Repair of Asheboro Inc.
Address
4635 US Highway 220 Bus N
ZIP Code
27203-3331
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
34
Estimated Revenue
$8.3M
Rural/Urban
Rural
Congressional District
NC-09

Loan Use Breakdown

Payroll
$251,998
Utilities
$1

Lender Information

Servicing Lender
First Bank
Originating Lender
First Bank

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