PPP Loan information for Magic east motorsports

$44,800

Magic east motorsports was initially approved for PPP Loan of amount $44,800, the current approved amount is $44,800. The loan was approved on 06/16/2020 by The Comerica Bank reported 5 jobs and $44,800 was used to fund payroll.

Magic east motorsports is Existing or more than 2 years old

PPP Loan Search / MI / SHELBY TOWNSHIP / Magic east motorsports

MAGIC EAST MOTORSPORTS

Date Approved

06/16/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MAGIC EAST MOTORSPORTS

Borrower Address

50126 VAN DYKE AVE

Borrower City

SHELBY TOWNSHIP

Borrower State

MI

Borrower Zip

48317

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

44800.00

Current Approval Amount

44800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SHELBY TOWNSHIP

Project County Name

MACOMB

Project State

MI

Project Zip

48317-0899

CD

MI-10

Jobs Reported

5

NAICS Code

441310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

44800.00

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

45320.18

Forgiveness Date

08/12/2021

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