PPP Loan information for Motor city wash works, inc.

$1,376,154

Motor city wash works, inc. was initially approved for PPP Loan of amount $1,376,154, the current approved amount is $1,376,154. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 113 jobs and $1,376,154 was used to fund payroll.

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

PPP Loan Search / MI / Wixom / Motor city wash works, inc.

MOTOR CITY WASH WORKS, INC.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTOR CITY WASH WORKS, INC.

Borrower Address

48285 Frank St

Borrower City

Wixom

Borrower State

MI

Borrower Zip

48393

Loan Status Date

05/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1376154.00

Current Approval Amount

1376154.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Wixom

Project County Name

OAKLAND

Project State

MI

Project Zip

48393-0001

CD

MI-11

Jobs Reported

113

NAICS Code

333318

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13360.00

Payroll Proceed

1100923.00

Mortgage Interest Proceed

0.00

Rent Proceed

60000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

201871.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1388928.53

Forgiveness Date

04/08/2021

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