Richards Electric Motor Co.

$504,008 PPP Loan in Quincy, Illinois

Loan Details

Loan Number
5742317006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$504,008
Current Approval
$504,008
Forgiveness Amount
$507,888
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Richards Electric Motor Co.
Address
2028 Quintron Way
City
Quincy
ZIP Code
62305-1207
Business Type
Corporation
Industry (NAICS)
Manufacturing (335312)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$11.3M
Rural/Urban
Rural
Congressional District
IL-15

Loan Use Breakdown

Payroll
$504,008

Lender Information

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

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