PPP Loan information for East side motors, inc.

$397,800

East side motors, inc. was initially approved for PPP Loan of amount $397,800, the current approved amount is $397,800. The loan was approved on 04/08/2020 by The First State Bank reported 44 jobs and $397,800 was used to fund payroll.

East side motors, inc. is Existing or more than 2 years old

PPP Loan Search / MI / REDFORD / East side motors, inc.

EAST SIDE MOTORS, INC.

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

EAST SIDE MOTORS, INC.

Borrower Address

14001 TELEGRAPH RD

Borrower City

REDFORD

Borrower State

MI

Borrower Zip

48239-2854

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

397800.00

Current Approval Amount

397800.00

Undisbursed Amount

0.00

Franchise Name

Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement

Servicing Lender Location Id

34492

Servicing Lender Name

First State Bank

Servicing Lender Address

16100 E Nine Mile Rd

Servicing Lender City

EASTPOINTE

Servicing Lender State

MI

Servicing Lender Zip

48021-2321

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

REDFORD

Project County Name

WAYNE

Project State

MI

Project Zip

48239-2854

CD

MI-12

Jobs Reported

44

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

397800.00

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

Subchapter S Corporation

Originating Lender Location Id

34492

Originating Lender

First State Bank

Originating Lender City

EASTPOINTE

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

401625.42

Forgiveness Date

03/31/2021

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