PPP Loan information for Alcona motors inc

$174,400

Alcona motors inc was initially approved for PPP Loan of amount $174,400, the current approved amount is $174,400. The loan was approved on 04/15/2020 by The Huron Community Bank reported 26 jobs and $174,400 was used to fund payroll.

Alcona motors inc is Existing or more than 2 years old

PPP Loan Search / MI / LINCOLN / Alcona motors inc

ALCONA MOTORS INC

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ALCONA MOTORS INC

Borrower Address

313 S 2ND ST

Borrower City

LINCOLN

Borrower State

MI

Borrower Zip

48742-9429

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

174400.00

Current Approval Amount

174400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34506

Servicing Lender Name

Huron Community Bank

Servicing Lender Address

301 Newman St

Servicing Lender City

EAST TAWAS

Servicing Lender State

MI

Servicing Lender Zip

48730-1213

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LINCOLN

Project County Name

ALCONA

Project State

MI

Project Zip

48742-9429

CD

MI-01

Jobs Reported

26

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

8000.00

Payroll Proceed

166400.00

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

34506

Originating Lender

Huron Community Bank

Originating Lender City

EAST TAWAS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

175863.02

Forgiveness Date

02/19/2021

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