PPP Loan information for Motion index drives inc.

$147,800

Motion index drives inc. was initially approved for PPP Loan of amount $147,800, the current approved amount is $147,800. The loan was approved on 04/07/2020 by The Fifth Third Bank reported 9 jobs and $147,800 was used to fund payroll.

Motion index drives inc. is Existing or more than 2 years old

PPP Loan Search / MI / TROY / Motion index drives inc.

MOTION INDEX DRIVES INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTION INDEX DRIVES INC.

Borrower Address

1204 East Maple Road

Borrower City

TROY

Borrower State

MI

Borrower Zip

48083-2817

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

147800.00

Current Approval Amount

147800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

TROY

Project County Name

OAKLAND

Project State

MI

Project Zip

48083-2817

CD

MI-11

Jobs Reported

9

NAICS Code

423860

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

147800.00

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

Corporation

Originating Lender Location Id

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

148617.01

Forgiveness Date

11/03/2020

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