# PPP loan: RELIABLE ELECTRIC MOTOR, INC.
> **$187K** approved 05/07/2020 · Paid in Full · Loan `3515707409`
## Borrower
- **Name:** RELIABLE ELECTRIC MOTOR, INC.
- **Address:** 285 MURPHY ROAD, HARTFORD, CT, 06114
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $187K
- **Jobs reported:** 10
## Lender
- **Originating:** Liberty Bank
- **Servicing:** Liberty Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*