PPP Loan information for 541 motorsports inc

$73,400

541 motorsports inc was initially approved for PPP Loan of amount $73,700, the current approved amount is $73,400. The loan was approved on 04/05/2020 by The People's Bank of Commerce reported 9 jobs and $73,400 was used to fund payroll.

541 motorsports inc is Existing or more than 2 years old

PPP Loan Search / OR / GRANTS PASS / 541 motorsports inc

541 MOTORSPORTS INC

Date Approved

04/05/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

541 MOTORSPORTS INC

Borrower Address

525 NW F ST

Borrower City

GRANTS PASS

Borrower State

OR

Borrower Zip

97526-1948

Loan Status Date

04/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

73700.00

Current Approval Amount

73400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122606

Servicing Lender Name

People's Bank of Commerce

Servicing Lender Address

1311 E Barnett Rd

Servicing Lender City

Medford

Servicing Lender State

OR

Servicing Lender Zip

97504

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRANTS PASS

Project County Name

JOSEPHINE

Project State

OR

Project Zip

97526-1948

CD

OR-02

Jobs Reported

9

NAICS Code

441310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4400.00

Payroll Proceed

59000.00

Mortgage Interest Proceed

10000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

122606

Originating Lender

People's Bank of Commerce

Originating Lender City

Medford

Originating Lender State

OR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

74097.30

Forgiveness Date

03/24/2021

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