PPP Loan information for Motive power inc

$80,111

Motive power inc was initially approved for PPP Loan of amount $80,111, the current approved amount is $80,111. The loan was approved on 04/10/2020 by The First Sentinel Bank reported 12 jobs and $80,111 was used to fund payroll.

Motive power inc is Existing or more than 2 years old

PPP Loan Search / VA / Cedar Bluff / Motive power inc

MOTIVE POWER INC

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MOTIVE POWER INC

Borrower Address

2539 Steelsburg Hwy

Borrower City

Cedar Bluff

Borrower State

VA

Borrower Zip

24609-7028

Loan Status Date

03/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

80111.00

Current Approval Amount

80111.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

117711

Servicing Lender Name

First Sentinel Bank

Servicing Lender Address

315 Railroad Ave

Servicing Lender City

RICHLANDS

Servicing Lender State

VA

Servicing Lender Zip

24641-2448

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cedar Bluff

Project County Name

TAZEWELL

Project State

VA

Project Zip

24609-7028

CD

VA-09

Jobs Reported

12

NAICS Code

441228

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

80111.00

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

117711

Originating Lender

First Sentinel Bank

Originating Lender City

RICHLANDS

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

80780.82

Forgiveness Date

02/12/2021

;