PPP Loan information for Material motion inc

$437,907

Material motion inc was initially approved for PPP Loan of amount $498,800, the current approved amount is $437,907. The loan was approved on 04/12/2020 by The Truist Bank reported 21 jobs and $437,907 was used to fund payroll.

Material motion inc is Existing or more than 2 years old

PPP Loan Search / GA / DECATUR / Material motion inc

MATERIAL MOTION INC

Date Approved

04/12/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

MATERIAL MOTION INC

Borrower Address

203 RIO CIR

Borrower City

DECATUR

Borrower State

GA

Borrower Zip

30030-2225

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

498800.00

Current Approval Amount

437907.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DECATUR

Project County Name

DEKALB

Project State

GA

Project Zip

30030-2225

CD

GA-05

Jobs Reported

21

NAICS Code

424130

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

437907.00

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

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

441726.52

Forgiveness Date

03/02/2021

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