PPP Loan information for Dm motor, inc

$448,900

Dm motor, inc was initially approved for PPP Loan of amount $448,900, the current approved amount is $448,900. The loan was approved on 04/04/2020 by The United Bank reported 37 jobs and $448,900 was used to fund payroll.

Dm motor, inc is Existing or more than 2 years old

DM MOTOR, INC

Date Approved

04/04/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

DM MOTOR, INC

Borrower Address

9069 PO Box

Borrower City

HUNTINGTON

Borrower State

WV

Borrower Zip

25704-0069

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

448900.00

Current Approval Amount

448900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73259

Servicing Lender Name

United Bank

Servicing Lender Address

11185 Fairfax Blvd

Servicing Lender City

FAIRFAX

Servicing Lender State

VA

Servicing Lender Zip

22030-5049

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HUNTINGTON

Project County Name

CABELL

Project State

WV

Project Zip

25704-0069

CD

WV-01

Jobs Reported

37

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

448900.00

Mortgage Interest Proceed

0.00

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

73259

Originating Lender

United Bank

Originating Lender City

FAIRFAX

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

454012.47

Forgiveness Date

06/04/2021

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