# PPP loan: ELECTRIC MOTOR AND  REPAIR, INC.
> **$223K** approved 04/10/2020 · Paid in Full · Loan `2500177103`
## Borrower
- **Name:** ELECTRIC MOTOR AND  REPAIR, INC.
- **Address:** 125 Huckabee Rd, West Columbia, SC, 29169-5115
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Startup, Loan Funds will Open Business
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 12/21/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Jobs reported:** 14
## Lender
- **Originating:** Business Development Corporation of South Carolina
- **Servicing:** Business Development Corporation of South Carolina (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*