PPP Loan information for Motor city solutions inc.

$1,237,670

Motor city solutions inc. was initially approved for PPP Loan of amount $1,237,670, the current approved amount is $1,237,670. The loan was approved on 01/22/2021 by The Fifth Third Bank reported 214 jobs and $1,237,670 was used to fund payroll.

Motor city solutions inc. is Existing or more than 2 years old

PPP Loan Search / MI / Taylor / Motor city solutions inc.

MOTOR CITY SOLUTIONS INC.

Date Approved

01/22/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MOTOR CITY SOLUTIONS INC.

Borrower Address

25098 Brest

Borrower City

Taylor

Borrower State

MI

Borrower Zip

48180-4042

Loan Status Date

07/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1237670.00

Current Approval Amount

1237670.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Taylor

Project County Name

WAYNE

Project State

MI

Project Zip

48180-4042

CD

MI-13

Jobs Reported

214

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1237665.00

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

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1254034.75

Forgiveness Date

05/31/2022

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