PPP Loan information for Motor parts and equipment co, inc

$119,520

Motor parts and equipment co, inc was initially approved for PPP Loan of amount $119,520, the current approved amount is $119,520. The loan was approved on 04/28/2020 by The Nantahala Bank & Trust Company reported 43 jobs and $119,520 was used to fund payroll.

Motor parts and equipment co, inc is Existing or more than 2 years old

PPP Loan Search / NC / Franklin / Motor parts and equipment co, inc

MOTOR PARTS AND EQUIPMENT CO, INC

Date Approved

04/28/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MOTOR PARTS AND EQUIPMENT CO, INC

Borrower Address

290 Depot St

Borrower City

Franklin

Borrower State

NC

Borrower Zip

28734-3002

Loan Status Date

01/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

119520.00

Current Approval Amount

119520.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

398145

Servicing Lender Name

Nantahala Bank & Trust Company

Servicing Lender Address

120 Siler Rd

Servicing Lender City

FRANKLIN

Servicing Lender State

NC

Servicing Lender Zip

28734-1985

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Franklin

Project County Name

MACON

Project State

NC

Project Zip

28734-3002

CD

NC-11

Jobs Reported

43

NAICS Code

441310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

119520.00

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

398145

Originating Lender

Nantahala Bank & Trust Company

Originating Lender City

FRANKLIN

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

120326.76

Forgiveness Date

12/30/2020

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