PPP Loan information for Lordstown motors corp.

$1,014,652

Lordstown motors corp. was initially approved for PPP Loan of amount $1,509,400, the current approved amount is $1,014,652. The loan was approved on 04/09/2020 by The The Huntington National Bank reported 42 jobs and $1,014,652 was used to fund payroll.

Lordstown motors corp. is New Business or 2 years or less

PPP Loan Search / OH / WARREN / Lordstown motors corp.

LORDSTOWN MOTORS CORP.

Date Approved

04/09/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

LORDSTOWN MOTORS CORP.

Borrower Address

2300 Hallock-Young Rd

Borrower City

WARREN

Borrower State

OH

Borrower Zip

44481-9238

Loan Status Date

11/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1509400.00

Current Approval Amount

1014652.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

WARREN

Project County Name

TRUMBULL

Project State

OH

Project Zip

44481-9238

CD

OH-14

Jobs Reported

42

NAICS Code

336111

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1014652.00

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

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1025576.88

Forgiveness Date

05/21/2021

;