# PPP loan: PIEDMONT ELECTRIC MOTOR REPAIR INC. OF ASHEBORO
> **$241K** approved 04/09/2020 · Paid in Full · Loan `9298767002`
## Borrower
- **Name:** PIEDMONT ELECTRIC MOTOR REPAIR INC. OF ASHEBORO
- **Address:** 4635 US Hwy 220 Business N, ASHEBORO, NC, 27203
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $241K
- **Jobs reported:** 20
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*