PPP Loan information for Motor city lab works, inc

$80,700

Motor city lab works, inc was initially approved for PPP Loan of amount $80,700, the current approved amount is $80,700. The loan was approved on 04/27/2020 by The Eastern Michigan Bank reported 15 jobs and $80,700 was used to fund payroll.

Motor city lab works, inc is Existing or more than 2 years old

PPP Loan Search / MI / BIRMINGHAM / Motor city lab works, inc

MOTOR CITY LAB WORKS, INC

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTOR CITY LAB WORKS, INC

Borrower Address

2388 COLE ST

Borrower City

BIRMINGHAM

Borrower State

MI

Borrower Zip

48009-7021

Loan Status Date

05/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

80700.00

Current Approval Amount

80700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33734

Servicing Lender Name

Eastern Michigan Bank

Servicing Lender Address

65 N Howard Ave

Servicing Lender City

CROSWELL

Servicing Lender State

MI

Servicing Lender Zip

48422-1222

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BIRMINGHAM

Project County Name

OAKLAND

Project State

MI

Project Zip

48009-7021

CD

MI-11

Jobs Reported

15

NAICS Code

621210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2000.00

Payroll Proceed

72700.00

Mortgage Interest Proceed

0.00

Rent Proceed

3000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

3000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

33734

Originating Lender

Eastern Michigan Bank

Originating Lender City

CROSWELL

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

81489.31

Forgiveness Date

04/23/2021

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