PPP Loan information for Motor controls, inc.

$2,950,080

Motor controls, inc. was initially approved for PPP Loan of amount $2,950,080, the current approved amount is $2,950,080. The loan was approved on 04/13/2020 by The Texas Capital Bank reported 229 jobs and $2,950,080 was used to fund payroll.

Motor controls, inc. is Existing or more than 2 years old

PPP Loan Search / TX / Dallas / Motor controls, inc.

MOTOR CONTROLS, INC.

Date Approved

04/13/2020

SBA Office Code

0610

Processing Method

PPP

Borrower Name

MOTOR CONTROLS, INC.

Borrower Address

10661 NEWKIRK ST

Borrower City

Dallas

Borrower State

TX

Borrower Zip

75220-2303

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2950080.00

Current Approval Amount

2950080.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121598

Servicing Lender Name

Texas Capital Bank

Servicing Lender Address

2000 McKinney Ave, Ste 700

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-1985

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Dallas

Project County Name

DALLAS

Project State

TX

Project Zip

75220-2303

CD

TX-06

Jobs Reported

229

NAICS Code

335314

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

70000.00

Payroll Proceed

2710080.00

Mortgage Interest Proceed

0.00

Rent Proceed

170000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

121598

Originating Lender

Texas Capital Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2983864.48

Forgiveness Date

06/16/2021

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