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Richards Electric Motor Co.

$520,236 PPP Loan in Quincy, Illinois

Loan Details

Loan Number
4545248306
Date Approved
Jan 23, 2021
Loan Status
Paid in Full
Initial Approval
$520,236
Current Approval
$520,236
Forgiveness Amount
$522,317
Forgiveness Date
Jun 23, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Richards Electric Motor Co.
Address
2028 Quintron Way
City
Quincy
State
Illinois
ZIP Code
62305-1207
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
38
Estimated Revenue
$12.5M
Rural/Urban
Rural
Congressional District
IL-15

Loan Use Breakdown

Payroll
$520,232
Utilities
$1

Lender Information

Servicing Lender
First Bankers Trust Company, National Association
Originating Lender
First Bankers Trust Company, National Association

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