PPP Loan information for China motors and components, inc.

$315,455

China motors and components, inc. was initially approved for PPP Loan of amount $315,455, the current approved amount is $315,455. The loan was approved on 04/08/2020 by The First American Bank reported 19 jobs and $315,455 was used to fund payroll.

China motors and components, inc. is Existing or more than 2 years old

PPP Loan Search / WI / DELAVAN / China motors and components, inc.

CHINA MOTORS AND COMPONENTS, INC.

Date Approved

04/08/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

CHINA MOTORS AND COMPONENTS, INC.

Borrower Address

1632 Hobbs Drive Unit B

Borrower City

DELAVAN

Borrower State

WI

Borrower Zip

53115-2029

Loan Status Date

05/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

315455.00

Current Approval Amount

315455.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21238

Servicing Lender Name

First American Bank

Servicing Lender Address

700 Busse Rd

Servicing Lender City

ELK GROVE VILLAGE

Servicing Lender State

IL

Servicing Lender Zip

60007-2137

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DELAVAN

Project County Name

WALWORTH

Project State

WI

Project Zip

53115-2029

CD

WI-01

Jobs Reported

19

NAICS Code

335312

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

315455.00

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

21238

Originating Lender

First American Bank

Originating Lender City

ELK GROVE VILLAGE

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

318740.99

Forgiveness Date

04/21/2021

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