PPP Loan information for Motim industries inc

$54,715

Motim industries inc was initially approved for PPP Loan of amount $54,715, the current approved amount is $54,715. The loan was approved on 04/11/2020 by The BankNewport reported 2 jobs and $54,715 was used to fund payroll.

Motim industries inc is Existing or more than 2 years old

PPP Loan Search / RI / NEWPORT / Motim industries inc

MOTIM INDUSTRIES INC

Date Approved

04/11/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

MOTIM INDUSTRIES INC

Borrower Address

22 Holland St

Borrower City

NEWPORT

Borrower State

RI

Borrower Zip

02840-3416

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

54715.00

Current Approval Amount

54715.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65657

Servicing Lender Name

BankNewport

Servicing Lender Address

10 Washington Sq

Servicing Lender City

NEWPORT

Servicing Lender State

RI

Servicing Lender Zip

02840-2948

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT

Project County Name

NEWPORT

Project State

RI

Project Zip

02840-3416

CD

RI-01

Jobs Reported

2

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

54715.00

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

65657

Originating Lender

BankNewport

Originating Lender City

NEWPORT

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

55458.52

Forgiveness Date

08/24/2021

;