# PPP loan: QUALITY ELECTRIC MOTOR REPAIR INC
> **$180K** approved 04/15/2020 · Paid in Full · Loan `1054657208`
## Borrower
- **Name:** QUALITY ELECTRIC MOTOR REPAIR INC
- **Address:** 151 Broken Arrow Dr, Rock, WV, 24747
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $182K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Mortgage interest:** $9K
- **Utilities:** $1K
- **Jobs reported:** 14
## Lender
- **Originating:** First Community Bank
- **Servicing:** First Community Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*