ACTIVE ELECTRIC MOTOR SERVICE INC (TN) - 2020 PPP Loan Borrower Profile (# 2838368508)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTIVE ELECTRIC MOTOR SERVICE 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 Tennessee.

Loan Detail

Loan Number

2838368508

SBA Office Code

0474

Processing Method

PPP

Curent Loan Amount

$6,752.4

Date Loan was Approved

Feb 22, 2021

Amount Forgiven

$6,774.16

Date Loan was Forgiven

Jun 28, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

6,752.4

Lender

TNBANK

Business Detail

Business Type

Subchapter S Corporation

NAICS

811310

Borrower Location

Oak Ridge, TN

Project Location

Oak Ridge, TN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.