AKRON INDUSTRIAL MOTOR SALES & SERVICE (OH) - 2020 PPP Loan Borrower Profile (# 4870628001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AKRON INDUSTRIAL MOTOR SALES & SERVICE. 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 Ohio.

Loan Detail

Loan Number

4870628001

SBA Office Code

0549

Processing Method

PPP

Curent Loan Amount

$26,311

Date Loan was Approved

Jun 26, 2020

Amount Forgiven

$26,726.21

Date Loan was Forgiven

Jan 28, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

26,311

Lender

Kabbage, Inc.

Business Detail

Business Type

Corporation

NAICS

811310

Borrower Location

Barberton, OH

Project Location

Barberton, OH

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.