# PPP loan: ELECTRIC MOTORS OF PALM BEACH INC.
> **$222K** approved 03/12/2021 · Paid in Full · Loan `9123948503`
## Borrower
- **Name:** ELECTRIC MOTORS OF PALM BEACH INC.
- **Address:** 729 Belvedere Rd, West Palm Beach, FL, 33405-1107
- **NAICS:** 811219
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $222K
- **Initial approval:** $222K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $222K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*