PPP Loan information for Motion & energy inc

$77,461

Motion & energy inc was initially approved for PPP Loan of amount $77,461, the current approved amount is $77,461. The loan was approved on 01/19/2021 by The Coastal Heritage Bank reported 10 jobs and $77,461 was used to fund payroll.

Motion & energy inc is Existing or more than 2 years old

PPP Loan Search / MA / Framingham / Motion & energy inc

MOTION & ENERGY INC

Date Approved

01/19/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

MOTION & ENERGY INC

Borrower Address

113 Irving St

Borrower City

Framingham

Borrower State

MA

Borrower Zip

01702-7376

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

77461.00

Current Approval Amount

77461.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89718

Servicing Lender Name

Coastal Heritage Bank

Servicing Lender Address

744 Broad St

Servicing Lender City

EAST WEYMOUTH

Servicing Lender State

MA

Servicing Lender Zip

02189-2004

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Framingham

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01702-7376

CD

MA-05

Jobs Reported

10

NAICS Code

441310

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

77460.00

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

89718

Originating Lender

Coastal Heritage Bank

Originating Lender City

EAST WEYMOUTH

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

77770.84

Forgiveness Date

06/15/2021

;