# PPP loan: ELECTRIC MOTOR SERVICES
> **$727K** approved 04/11/2020 · Paid in Full · Loan `2747517100`
## Borrower
- **Name:** ELECTRIC MOTOR SERVICES
- **Address:** 6350 INDIANAPOLIS BLVD, HAMMOND, IN, 46320
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $727K
- **Initial approval:** $727K
- **Forgiven:** $737K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $547K
- **Health care:** $179K
- **Jobs reported:** 93
## Lender
- **Originating:** Providence Bank & Trust
- **Servicing:** Providence Bank & Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*