ARM ELECTRIC, INC (MO) - 2020 PPP Loan Borrower Profile (# 8757097302)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARM ELECTRIC, INC. 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 Missouri.

Loan Detail

Loan Number

8757097302

SBA Office Code

0709

Processing Method

PPP

Curent Loan Amount

$8,333.32

Date Loan was Approved

May 1, 2020

Amount Forgiven

$8,413

Date Loan was Forgiven

Apr 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,000

Payroll Proced

5,583.32

Mortgage Interest Proceed

1,750

Lender

CommunityAmerica CU

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

RAYTOWN, MO

Project Location

RAYTOWN, MO

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.