PPP Loan information for Motors management, inc.

$497,805

Motors management, inc. was initially approved for PPP Loan of amount $497,805, the current approved amount is $497,805. The loan was approved on 04/10/2020 by The ChoiceOne Bank reported 38 jobs and $497,805 was used to fund payroll.

Motors management, inc. is Existing or more than 2 years old

PPP Loan Search / MI / TROY / Motors management, inc.

MOTORS MANAGEMENT, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTORS MANAGEMENT, INC.

Borrower Address

1835 MAPLELAWN DR

Borrower City

TROY

Borrower State

MI

Borrower Zip

48084-4617

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

497804.79

Current Approval Amount

497804.79

Undisbursed Amount

0.00

Franchise Name

Honda Automobile Division - Dealer Sales and Service Agreement

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TROY

Project County Name

OAKLAND

Project State

MI

Project Zip

48084-4617

CD

MI-11

Jobs Reported

38

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

377890.16

Mortgage Interest Proceed

0.00

Rent Proceed

99560.97

Refinance EIDL Proceed

0.00

Health Care Proceed

20353.66

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

501909.97

Forgiveness Date

02/10/2021

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