PPP Loan information for Michael's motorcars inc.

$87,038

Michael's motorcars inc. was initially approved for PPP Loan of amount $87,038, the current approved amount is $87,038. The loan was approved on 04/27/2020 by The Loan Source Incorporated reported 7 jobs and $87,038 was used to fund payroll.

Michael's motorcars inc. is Existing or more than 2 years old

PPP Loan Search / NJ / NEPTUNE CITY / Michael's motorcars inc.

MICHAEL'S MOTORCARS INC.

Date Approved

04/27/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MICHAEL'S MOTORCARS INC.

Borrower Address

51 ROUTE 35 SOUTH

Borrower City

NEPTUNE CITY

Borrower State

NJ

Borrower Zip

07753-4743

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

87037.50

Current Approval Amount

87037.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEPTUNE CITY

Project County Name

MONMOUTH

Project State

NJ

Project Zip

07753-4743

CD

NJ-06

Jobs Reported

7

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

87037.50

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

80086

Originating Lender

Kearny Bank

Originating Lender City

KEARNY

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

87802.95

Forgiveness Date

03/17/2021

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