PPP Loan information for Michigan city motors, inc

$202,280

Michigan city motors, inc was initially approved for PPP Loan of amount $202,280, the current approved amount is $202,280. The loan was approved on 04/09/2020 by The Horizon Bank reported 23 jobs and $202,280 was used to fund payroll.

Michigan city motors, inc is Existing or more than 2 years old

PPP Loan Search / IN / MICHIGAN CITY / Michigan city motors, inc

MICHIGAN CITY MOTORS, INC

Date Approved

04/09/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MICHIGAN CITY MOTORS, INC

Borrower Address

4411 MICHIGAN BLVD

Borrower City

MICHIGAN CITY

Borrower State

IN

Borrower Zip

46360-3154

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

202280.00

Current Approval Amount

202280.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23955

Servicing Lender Name

Horizon Bank

Servicing Lender Address

515 Franklin Sq

Servicing Lender City

MICHIGAN CITY

Servicing Lender State

IN

Servicing Lender Zip

46360-3328

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MICHIGAN CITY

Project County Name

LA PORTE

Project State

IN

Project Zip

46360-3154

CD

IN-01

Jobs Reported

23

NAICS Code

441110

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

10114.00

Payroll Proceed

161824.00

Mortgage Interest Proceed

10114.00

Rent Proceed

10114.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

10114

Business Type

Corporation

Originating Lender Location Id

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

203715.36

Forgiveness Date

01/14/2021

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