PPP Loan information for Motor city power sports

$290,900

Motor city power sports was initially approved for PPP Loan of amount $290,900, the current approved amount is $290,900. The loan was approved on 04/28/2020 by The Comerica Bank reported 26 jobs and $290,900 was used to fund payroll.

Motor city power sports is Existing or more than 2 years old

PPP Loan Search / MI / Novi / Motor city power sports

MOTOR CITY POWER SPORTS

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTOR CITY POWER SPORTS

Borrower Address

42875 Grand River Ave Suite 201

Borrower City

Novi

Borrower State

MI

Borrower Zip

48375-1782

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

290900.00

Current Approval Amount

290900.00

Undisbursed Amount

0.00

Franchise Name

Polaris - Dealer Agreement

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Novi

Project County Name

OAKLAND

Project State

MI

Project Zip

48375-1782

CD

MI-06

Jobs Reported

26

NAICS Code

441228

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

232757.60

Mortgage Interest Proceed

58142.40

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

294035.26

Forgiveness Date

05/28/2021

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