Electric Motor Shop of Wake Forest INC
$842,200 PPP Loan in Wake Forest, North Carolina
Loan Details
- Loan Number
- 5026767000
- Date Approved
- Apr 4, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $842,200
- Current Approval
- $842,200
- Forgiveness Amount
- $850,762
- Forgiveness Date
- Apr 12, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Electric Motor Shop of Wake Forest INC
- Address
- 1225 N. White Street
- City
- Wake Forest
- State
- North Carolina
- ZIP Code
- 27587-7120
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (335312)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 65
- Estimated Revenue
- $17.0M
- Rural/Urban
- Urban
- Congressional District
- NC-02
Loan Use Breakdown
- Payroll
- $842,200
Lender Information
- Servicing Lender
- The Fidelity Bank
- Originating Lender
- The Fidelity Bank
Other PPP Loans in Wake Forest, NC
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|---|---|---|
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| Capital Chevrolet, Inc. | $1,829,501 | AI Deep Dive |
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| Hillside Nursing Center of Wake Forest I | $1,236,100 | AI Deep Dive |
| Crossroads Ford of Wake Forest, Inc. | $994,229 | AI Deep Dive |
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