As part of the Paycheck Protection Program HUPP ELECTRIC MOTORS, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

HUPP ELECTRIC MOTORS, INC


Loan Amount	$3,246,500
BusinessName	HUPP ELECTRIC MOTORS, INC
Address	500 57TH ST
City	MARION
State	IA
Zip	52302
NAICSCode	811310
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	235
DateApproved	04/07/2020
Lender	Cedar Rapids Bank and Trust Company
CD	IA-01
BusinessName.clean	HUPP ELECTRIC MOTORS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

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