PPP Loan information for Memering motorplex inc

$321,872

Memering motorplex inc was initially approved for PPP Loan of amount $321,872, the current approved amount is $321,872. The loan was approved on 01/23/2021 by The German American Bank reported 37 jobs and $321,872 was used to fund payroll.

Memering motorplex inc is Existing or more than 2 years old

MEMERING MOTORPLEX INC

Date Approved

01/23/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

MEMERING MOTORPLEX INC

Borrower Address

1949 Hart St

Borrower City

Vincennes

Borrower State

IN

Borrower Zip

47591-5519

Loan Status Date

02/10/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

321872.45

Current Approval Amount

321872.45

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23790

Servicing Lender Name

German American Bank

Servicing Lender Address

711 Main St

Servicing Lender City

JASPER

Servicing Lender State

IN

Servicing Lender Zip

47546-3042

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Vincennes

Project County Name

KNOX

Project State

IN

Project Zip

47591-5519

CD

IN-08

Jobs Reported

37

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

321867.45

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

23790

Originating Lender

German American Bank

Originating Lender City

JASPER

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

324967.72

Forgiveness Date

01/18/2022

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