PPP Loan information for Motor city direct auto sales inc

$57,500

Motor city direct auto sales inc was initially approved for PPP Loan of amount $57,500, the current approved amount is $57,500. The loan was approved on 04/07/2020 by The The State Bank reported 6 jobs and $57,500 was used to fund payroll.

Motor city direct auto sales inc is Existing or more than 2 years old

PPP Loan Search / MI / PONTIAC / Motor city direct auto sales inc

MOTOR CITY DIRECT AUTO SALES INC

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTOR CITY DIRECT AUTO SALES INC

Borrower Address

45671 WOODWARD AVE

Borrower City

PONTIAC

Borrower State

MI

Borrower Zip

48341-5006

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

57500.00

Current Approval Amount

57500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34774

Servicing Lender Name

The State Bank

Servicing Lender Address

101 N Leroy St

Servicing Lender City

FENTON

Servicing Lender State

MI

Servicing Lender Zip

48430-3804

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PONTIAC

Project County Name

OAKLAND

Project State

MI

Project Zip

48341-5006

CD

MI-11

Jobs Reported

6

NAICS Code

441110

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

57500.00

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

34774

Originating Lender

The State Bank

Originating Lender City

FENTON

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

57974.18

Forgiveness Date

02/16/2021

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