# PPP loan: NATIONAL ELECTRIC MOTOR & SUPPLY INC
> **$302K** approved 04/27/2020 · Paid in Full · Loan `5270667203`
## Borrower
- **Name:** NATIONAL ELECTRIC MOTOR & SUPPLY INC
- **Address:** 11048 CLOVERLAND AVE, BATON ROUGE, LA, 70809
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $302K
- **Jobs reported:** 20
## Lender
- **Originating:** Home Bank, National Association
- **Servicing:** Home Bank, National Association (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*