PPP Loan information for Motorcity auto services

$38,975

Motorcity auto services was initially approved for PPP Loan of amount $38,975, the current approved amount is $38,975. The loan was approved on 05/18/2020 by The American Express National Bank reported 7 jobs and $38,975 was used to fund payroll.

Motorcity auto services is Existing or more than 2 years old

PPP Loan Search / MI / Warren / Motorcity auto services

MOTORCITY AUTO SERVICES

Date Approved

05/18/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTORCITY AUTO SERVICES

Borrower Address

25075 Hoover Rd

Borrower City

Warren

Borrower State

MI

Borrower Zip

48089

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

38975.00

Current Approval Amount

38975.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

113190

Servicing Lender Name

American Express National Bank

Servicing Lender Address

115 West Towne Ridge Parkway

Servicing Lender City

Sandy

Servicing Lender State

UT

Servicing Lender Zip

84070

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Warren

Project County Name

MACOMB

Project State

MI

Project Zip

48089-0899

CD

MI-10

Jobs Reported

7

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1948.75

Payroll Proceed

33128.75

Mortgage Interest Proceed

0.00

Rent Proceed

3897.50

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

113190

Originating Lender

American Express National Bank

Originating Lender City

Sandy

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

39341.26

Forgiveness Date

04/28/2021

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