PPP Loan information for East side motors inc.

$397,800

East side motors inc. was initially approved for PPP Loan of amount $397,800, the current approved amount is $397,800. The loan was approved on 02/22/2021 by The First State Bank reported 44 jobs and $397,800 was used to fund payroll.

East side motors inc. is Existing or more than 2 years old

PPP Loan Search / MI / Redford / East side motors inc.

EAST SIDE MOTORS INC.

Date Approved

02/22/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

EAST SIDE MOTORS INC.

Borrower Address

14001 Telegraph Rd

Borrower City

Redford

Borrower State

MI

Borrower Zip

48239-2854

Loan Status Date

12/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

397800.00

Current Approval Amount

397800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34492

Servicing Lender Name

First State Bank

Servicing Lender Address

16100 E Nine Mile Rd

Servicing Lender City

EASTPOINTE

Servicing Lender State

MI

Servicing Lender Zip

48021-2321

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Redford

Project County Name

WAYNE

Project State

MI

Project Zip

48239-2854

CD

MI-12

Jobs Reported

44

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

397800.00

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

34492

Originating Lender

First State Bank

Originating Lender City

EASTPOINTE

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

400720.83

Forgiveness Date

11/22/2021

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