PPP Loan information for Motion raceworks, llc

$96,500

Motion raceworks, llc was initially approved for PPP Loan of amount $102,200, the current approved amount is $96,500. The loan was approved on 04/04/2020 by The First Central State Bank reported 13 jobs and $96,500 was used to fund payroll.

Motion raceworks, llc is Existing or more than 2 years old

PPP Loan Search / IA / DE WITT / Motion raceworks, llc

MOTION RACEWORKS, LLC

Date Approved

04/04/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MOTION RACEWORKS, LLC

Borrower Address

112 E Industrial St

Borrower City

DE WITT

Borrower State

IA

Borrower Zip

52742-2134

Loan Status Date

03/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

102200.00

Current Approval Amount

96500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24910

Servicing Lender Name

First Central State Bank

Servicing Lender Address

914 6th Ave

Servicing Lender City

DE WITT

Servicing Lender State

IA

Servicing Lender Zip

52742-1331

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DE WITT

Project County Name

CLINTON

Project State

IA

Project Zip

52742-2134

CD

IA-01

Jobs Reported

13

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

9650.00

Payroll Proceed

77200.00

Mortgage Interest Proceed

9650.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24910

Originating Lender

First Central State Bank

Originating Lender City

DE WITT

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

97287.86

Forgiveness Date

02/09/2021

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