PPP Loan information for Motor city rentals llc

$62,415

Motor city rentals llc was initially approved for PPP Loan of amount $62,415, the current approved amount is $62,415. The loan was approved on 01/22/2021 by The Oxford Bank reported 5 jobs and $62,415 was used to fund payroll.

Motor city rentals llc is Existing or more than 2 years old

PPP Loan Search / MI / Canton / Motor city rentals llc

MOTOR CITY RENTALS LLC

Date Approved

01/22/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MOTOR CITY RENTALS LLC

Borrower Address

42049 Michigan Ave

Borrower City

Canton

Borrower State

MI

Borrower Zip

48188-2631

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

62414.61

Current Approval Amount

62414.61

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36206

Servicing Lender Name

Oxford Bank

Servicing Lender Address

60 S Washington St

Servicing Lender City

OXFORD

Servicing Lender State

MI

Servicing Lender Zip

48371-4972

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Canton

Project County Name

WAYNE

Project State

MI

Project Zip

48188-2631

CD

MI-06

Jobs Reported

5

NAICS Code

532490

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

62412.61

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

Limited Liability Company(LLC)

Originating Lender Location Id

36206

Originating Lender

Oxford Bank

Originating Lender City

OXFORD

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

63203.46

Forgiveness Date

04/26/2022

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