PPP Loan information for Lotus motorsports, inc.

$239,870

Lotus motorsports, inc. was initially approved for PPP Loan of amount $239,870, the current approved amount is $239,870. The loan was approved on 04/09/2020 by The The Village Bank reported 14 jobs and $239,870 was used to fund payroll.

Lotus motorsports, inc. is Existing or more than 2 years old

LOTUS MOTORSPORTS, INC.

Date Approved

04/09/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

LOTUS MOTORSPORTS, INC.

Borrower Address

85 LINDEN ST

Borrower City

WALTHAM

Borrower State

MA

Borrower Zip

02452-6201

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

239870.00

Current Approval Amount

239870.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89088

Servicing Lender Name

The Village Bank

Servicing Lender Address

307 Auburn St

Servicing Lender City

AUBURNDALE

Servicing Lender State

MA

Servicing Lender Zip

02466-1902

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WALTHAM

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02452-6201

CD

MA-05

Jobs Reported

14

NAICS Code

423110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

239870.00

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

89088

Originating Lender

The Village Bank

Originating Lender City

AUBURNDALE

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

242991.60

Forgiveness Date

08/10/2021

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