Electric Motors Plus, LLC

$57,400 PPP Loan in Warminster, Pennsylvania

Loan Details

Loan Number
1902317204
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$57,400
Current Approval
$57,400
Forgiveness Amount
$58,051
Forgiveness Date
Jun 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Electric Motors Plus, LLC
Address
31 Commerce Dr
ZIP Code
18974
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
PA-01

Loan Use Breakdown

Payroll
$43,400
Rent
$12,000
Utilities
$2,000

Lender Information

Servicing Lender
Meridian Bank
Originating Lender
Meridian Bank

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