ADVANCE ELECTRIC MOTOR AND PUMP, LLC (KY) - 2020 PPP Loan Borrower Profile (# 1367007202)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE ELECTRIC MOTOR AND PUMP, LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Kentucky.

Loan Detail

Loan Number

1367007202

SBA Office Code

0457

Processing Method

PPP

Curent Loan Amount

$66,760

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$67,605.02

Date Loan was Forgiven

Jul 29, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

66,760

Lender

WesBanco Bank, Inc.

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

811219

Borrower Location

SHEPHERDSVILLE, KY

Project Location

SHEPHERDSVILLE, KY

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.