PPP Loan information for Classic motor sports & lawn equipment, inc.

$366,995

Classic motor sports & lawn equipment, inc. was initially approved for PPP Loan of amount $366,995, the current approved amount is $366,995. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 30 jobs and $366,995 was used to fund payroll.

Classic motor sports & lawn equipment, inc. is Existing or more than 2 years old

PPP Loan Search / MI / TRAVERSE CITY / Classic motor sports & lawn equipment, inc.

CLASSIC MOTOR SPORTS & LAWN EQUIPMENT, INC.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

CLASSIC MOTOR SPORTS & LAWN EQUIPMENT, INC.

Borrower Address

3939 SOUTH BLUE STAR DRIVE

Borrower City

TRAVERSE CITY

Borrower State

MI

Borrower Zip

49685

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

366995.00

Current Approval Amount

366995.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TRAVERSE CITY

Project County Name

GRAND TRAVERSE

Project State

MI

Project Zip

49685-0001

CD

MI-01

Jobs Reported

30

NAICS Code

441228

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

7000.00

Payroll Proceed

309995.00

Mortgage Interest Proceed

15000.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

10000.00

Debt Interest Proceed

15000

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

371330.84

Forgiveness Date

07/12/2021

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