PPP Loan information for Motors in motion inc

$29,879

Motors in motion inc was initially approved for PPP Loan of amount $29,900, the current approved amount is $29,879. The loan was approved on 04/30/2020 by The Truist Bank reported 6 jobs and $29,879 was used to fund payroll.

Motors in motion inc is Existing or more than 2 years old

MOTORS IN MOTION INC

Date Approved

04/30/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

MOTORS IN MOTION INC

Borrower Address

2800 CLEVELAND HWY

Borrower City

GAINESVILLE

Borrower State

GA

Borrower Zip

30506-1914

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

29900.00

Current Approval Amount

29879.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GAINESVILLE

Project County Name

HALL

Project State

GA

Project Zip

30506-1914

CD

GA-09

Jobs Reported

6

NAICS Code

532120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

29879.00

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

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

30088.98

Forgiveness Date

01/20/2021

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