PPP Loan information for Motor city supplies inc

$106,400

Motor city supplies inc was initially approved for PPP Loan of amount $106,400, the current approved amount is $106,400. The loan was approved on 05/01/2020 by The Fifth Third Bank reported 9 jobs and $106,400 was used to fund payroll.

Motor city supplies inc is New Business or 2 years or less

PPP Loan Search / MI / DEARBORN / Motor city supplies inc

MOTOR CITY SUPPLIES INC

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTOR CITY SUPPLIES INC

Borrower Address

13031 PROSPECT ST

Borrower City

DEARBORN

Borrower State

MI

Borrower Zip

48126

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

106400.00

Current Approval Amount

106400.00

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

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

DEARBORN

Project County Name

WAYNE

Project State

MI

Project Zip

48126-0001

CD

MI-12

Jobs Reported

9

NAICS Code

424410

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

106400.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

107274.84

Forgiveness Date

03/05/2021

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