ALLIED ELECTRIC MOTOR COINC. (TN) - 2020 PPP Loan Borrower Profile (# 3390898509)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALLIED ELECTRIC MOTOR COINC.. 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

3390898509

SBA Office Code

0474

Processing Method

PPS

Curent Loan Amount

$43,980

Date Loan was Approved

Feb 23, 2021

Amount Forgiven

$44,467.44

Date Loan was Forgiven

Apr 21, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

43,980

Lender

Truist Bank

Business Detail

Business Type

Corporation

NAICS

811211

Borrower Location

Nashville, TN

Project Location

Nashville, TN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.