PPP Loan information for Pro-motion motor company inc

$44,114

Pro-motion motor company inc was initially approved for PPP Loan of amount $44,114, the current approved amount is $44,114. The loan was approved on 04/27/2020 by The Community First Bank, Inc. reported 8 jobs and $44,114 was used to fund payroll.

Pro-motion motor company inc is Existing or more than 2 years old

PPP Loan Search / NC / Lincolnton / Pro-motion motor company inc

PRO-MOTION MOTOR COMPANY INC

Date Approved

04/27/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

PRO-MOTION MOTOR COMPANY INC

Borrower Address

2527 E Main Street

Borrower City

Lincolnton

Borrower State

NC

Borrower Zip

28092

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

44114.17

Current Approval Amount

44114.17

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

113041

Servicing Lender Name

Community First Bank, Inc.

Servicing Lender Address

3685 Blue Ridge Blvd

Servicing Lender City

WALHALLA

Servicing Lender State

SC

Servicing Lender Zip

29691-2426

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lincolnton

Project County Name

LINCOLN

Project State

NC

Project Zip

28092-0001

CD

NC-10

Jobs Reported

8

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

44114.17

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

113041

Originating Lender

Community First Bank, Inc.

Originating Lender City

WALHALLA

Originating Lender State

SC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

44672.37

Forgiveness Date

08/10/2021

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