PPP Loan information for Motor specialty inc

$287,712

Motor specialty inc was initially approved for PPP Loan of amount $287,712, the current approved amount is $287,712. The loan was approved on 04/13/2020 by The Tri City National Bank reported 40 jobs and $287,712 was used to fund payroll.

Motor specialty inc is Existing or more than 2 years old

PPP Loan Search / WI / RACINE / Motor specialty inc

MOTOR SPECIALTY INC

Date Approved

04/13/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

MOTOR SPECIALTY INC

Borrower Address

2801 Lathrop Ave

Borrower City

RACINE

Borrower State

WI

Borrower Zip

53405-4426

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

287712.00

Current Approval Amount

287712.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

76623

Servicing Lender Name

Tri City National Bank

Servicing Lender Address

6400 S 27th St

Servicing Lender City

OAK CREEK

Servicing Lender State

WI

Servicing Lender Zip

53154-1015

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RACINE

Project County Name

RACINE

Project State

WI

Project Zip

53405-4426

CD

WI-01

Jobs Reported

40

NAICS Code

335999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

14096.00

Payroll Proceed

268674.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

4942

Business Type

Corporation

Originating Lender Location Id

76623

Originating Lender

Tri City National Bank

Originating Lender City

OAK CREEK

Originating Lender State

WI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

289462.25

Forgiveness Date

11/30/2020

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