PPP Loan information for Power motors inc

$840,395

Power motors inc was initially approved for PPP Loan of amount $840,395, the current approved amount is $840,395. The loan was approved on 04/27/2020 by The Pioneer Trust Bank, National Association reported 90 jobs and $840,395 was used to fund payroll.

Power motors inc is Existing or more than 2 years old

PPP Loan Search / OR / Newport / Power motors inc

POWER MOTORS INC

Date Approved

04/27/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

POWER MOTORS INC

Borrower Address

1107 N Coast Hwy

Borrower City

Newport

Borrower State

OR

Borrower Zip

97365-3144

Loan Status Date

06/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

840395.00

Current Approval Amount

840395.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59705

Servicing Lender Name

Pioneer Trust Bank, National Association

Servicing Lender Address

109 Commercial St NE

Servicing Lender City

SALEM

Servicing Lender State

OR

Servicing Lender Zip

97301-3402

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newport

Project County Name

LINCOLN

Project State

OR

Project Zip

97365-3144

CD

OR-04

Jobs Reported

90

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

840395.00

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

Subchapter S Corporation

Originating Lender Location Id

59705

Originating Lender

Pioneer Trust Bank, National Association

Originating Lender City

SALEM

Originating Lender State

OR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

849029.20

Forgiveness Date

05/11/2021

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