# PPP loan: THE ELECTRIC MOTOR REPAIR COMPANY
> **$2.92M** approved 04/10/2020 · Paid in Full · Loan `1544747105`
## Borrower
- **Name:** THE ELECTRIC MOTOR REPAIR COMPANY
- **Address:** 9100 YELLOW BRICK RD STE H, ROSEDALE, MD, 21237-4701
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.92M
- **Initial approval:** $2.92M
- **Forgiven:** $2.96M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.92M
- **Jobs reported:** 186
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*