Sanders Electric Motor Service INC

$327,300 PPP Loan in Lenoir, North Carolina

Loan Details

Loan Number
1879757208
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$327,300
Current Approval
$327,300
Forgiveness Amount
$330,456
Forgiveness Date
Apr 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sanders Electric Motor Service INC
Address
285 Wildwood Rd
City
Lenoir
ZIP Code
28645-8280
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (811310)
Business Age
New Business or 2 years or less
Jobs Reported
28
Estimated Revenue
$6.0M
Rural/Urban
Rural
Congressional District
NC-05

Loan Use Breakdown

Payroll
$327,300

Lender Information

Servicing Lender
First-Citizens Bank & Trust Company
Originating Lender
First-Citizens Bank & Trust Company

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