PPP Loan information for Power motors group inc

$27,083

Power motors group inc was initially approved for PPP Loan of amount $27,083, the current approved amount is $27,083. The loan was approved on 06/16/2020 by The Square Capital, LLC reported 4 jobs and $27,083 was used to fund payroll.

Power motors group inc is Existing or more than 2 years old

PPP Loan Search / IL / Waukegan / Power motors group inc

POWER MOTORS GROUP INC

Date Approved

06/16/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

POWER MOTORS GROUP INC

Borrower Address

2829 Belvidere Road

Borrower City

Waukegan

Borrower State

IL

Borrower Zip

60085-6009

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

27082.50

Current Approval Amount

27082.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

529050

Servicing Lender Name

Square Capital, LLC

Servicing Lender Address

1455 Market Street, Suite 600

Servicing Lender City

San Francisco

Servicing Lender State

CA

Servicing Lender Zip

94103

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Waukegan

Project County Name

LAKE

Project State

IL

Project Zip

60085-6009

CD

IL-10

Jobs Reported

4

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

27082.50

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

223542

Originating Lender

Celtic Bank Corporation

Originating Lender City

SALT LAKE CITY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

27321.42

Forgiveness Date

05/06/2021

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