PPP Loan information for Motion control corporation

$201,700

Motion control corporation was initially approved for PPP Loan of amount $201,700, the current approved amount is $201,700. The loan was approved on 04/15/2020 by The Citizens Bank, National Association reported 19 jobs and $201,700 was used to fund payroll.

Motion control corporation is Existing or more than 2 years old

PPP Loan Search / MI / Livonia / Motion control corporation

MOTION CONTROL CORPORATION

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTION CONTROL CORPORATION

Borrower Address

35796 Veronica St

Borrower City

Livonia

Borrower State

MI

Borrower Zip

48150

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

201700.00

Current Approval Amount

201700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434162

Servicing Lender Name

Citizens Bank, National Association

Servicing Lender Address

1 Citizens Plaza

Servicing Lender City

PROVIDENCE

Servicing Lender State

RI

Servicing Lender Zip

02903-1344

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Livonia

Project County Name

WAYNE

Project State

MI

Project Zip

48150-1000

CD

MI-12

Jobs Reported

19

NAICS Code

423840

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

201700.00

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

434162

Originating Lender

Citizens Bank, National Association

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

203015.19

Forgiveness Date

12/15/2020

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