# PPP loan: ELECTRIC MOTOR & SUPPLY INC.
> **$283K** approved 01/30/2021 · Paid in Full · Loan `8929578308`
## Borrower
- **Name:** ELECTRIC MOTOR & SUPPLY INC.
- **Address:** 1000 50th St, Altoona, PA, 16601-1014
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $283K
- **Initial approval:** $283K
- **Forgiven:** $284K (101%)
- **Forgiveness date:** 08/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $283K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Altoona First Savings Bank
- **Servicing:** Altoona First Savings Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*