PPP Loan information for Motion systems corp.

$502,955

Motion systems corp. was initially approved for PPP Loan of amount $503,000, the current approved amount is $502,955. The loan was approved on 04/27/2020 by The LendingClub Bank, National Association reported 34 jobs and $502,955 was used to fund payroll.

Motion systems corp. is Existing or more than 2 years old

PPP Loan Search / NJ / Eatontown / Motion systems corp.

MOTION SYSTEMS CORP.

Date Approved

04/27/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MOTION SYSTEMS CORP.

Borrower Address

600 Industrial Way W

Borrower City

Eatontown

Borrower State

NJ

Borrower Zip

07724

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

503000.00

Current Approval Amount

502955.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

111901

Servicing Lender Name

LendingClub Bank, National Association

Servicing Lender Address

2701 N Thanksgiving Way

Servicing Lender City

LEHI

Servicing Lender State

UT

Servicing Lender Zip

84043

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Eatontown

Project County Name

MONMOUTH

Project State

NJ

Project Zip

07724-0001

CD

NJ-04

Jobs Reported

34

NAICS Code

331221

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

502955.00

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

111901

Originating Lender

LendingClub Bank, National Association

Originating Lender City

LEHI

Originating Lender State

UT

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

505791.11

Forgiveness Date

11/27/2020

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