First Electric Motor Service, Inc.

$549,359 PPP Loan in Woburn, Massachusetts

Loan Details

Loan Number
9683058505
Date Approved
Mar 12, 2021
Loan Status
Paid in Full
Initial Approval
$549,359
Current Approval
$549,359
Forgiveness Amount
$552,243
Forgiveness Date
Sep 21, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
First Electric Motor Service, Inc.
Address
73 Olympia Ave
City
Woburn
ZIP Code
01801-2022
Business Type
Corporation
Industry (NAICS)
Manufacturing (339999)
Business Age
Existing or more than 2 years old
Jobs Reported
33
Estimated Revenue
$9.2M
Rural/Urban
Urban
Congressional District
MA-05

Loan Use Breakdown

Payroll
$549,356
Utilities
$1

Lender Information

Servicing Lender
The Savings Bank
Originating Lender
The Savings Bank

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