PPP Loan information for Motor power inc

$53,800

Motor power inc was initially approved for PPP Loan of amount $53,800, the current approved amount is $53,800. The loan was approved on 04/09/2020 by The Maine Community Bank reported 4 jobs and $53,800 was used to fund payroll.

Motor power inc is New Business or 2 years or less

PPP Loan Search / ME / LEWISTON / Motor power inc

MOTOR POWER INC

Date Approved

04/09/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

MOTOR POWER INC

Borrower Address

1505 Lisbon Street

Borrower City

LEWISTON

Borrower State

ME

Borrower Zip

04240-3515

Loan Status Date

11/20/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

53800.00

Current Approval Amount

53800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29614

Servicing Lender Name

Maine Community Bank

Servicing Lender Address

254 Main St

Servicing Lender City

BIDDEFORD

Servicing Lender State

ME

Servicing Lender Zip

04005-2400

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

LEWISTON

Project County Name

ANDROSCOGGIN

Project State

ME

Project Zip

04240-3515

CD

ME-02

Jobs Reported

4

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2512.00

Payroll Proceed

48766.00

Mortgage Interest Proceed

0.00

Rent Proceed

2522.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

29614

Originating Lender

Maine Community Bank

Originating Lender City

BIDDEFORD

Originating Lender State

ME

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

50053.15

Forgiveness Date

10/15/2020

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