# PPP loan: THOMPSON ELECTRIC MOTOR SERVICE
> **$287K** approved 04/28/2020 · Paid in Full · Loan `8623167206`
## Borrower
- **Name:** THOMPSON ELECTRIC MOTOR SERVICE
- **Address:** PO BOX 511, STOLLINGS, WV, 25646-0511
- **NAICS:** 333618
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $287K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $287K
- **Jobs reported:** 27
## Lender
- **Originating:** The Farmers Bank and Savings Company
- **Servicing:** The Farmers Bank and Savings Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*