# PPP loan: ELECTRIC MOTOR SUPPLY COMPANY
> **$672K** approved 04/27/2020 · Paid in Full · Loan `4015787202`
## Borrower
- **Name:** ELECTRIC MOTOR SUPPLY COMPANY
- **Address:** 4650 MAIN ST NE, FRIDLEY, MN, 55421-2131
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $672K
- **Initial approval:** $672K
- **Forgiven:** $681K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $672K
- **Jobs reported:** 46
## Lender
- **Originating:** Star Bank
- **Servicing:** Star Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*