PPP Loan information for Motor parts & equipment corporation

$3,602,300

Motor parts & equipment corporation was initially approved for PPP Loan of amount $3,602,300, the current approved amount is $3,602,300. The loan was approved on 04/07/2020 by The Wheaton Bank & Trust Company, National Association reported 500 jobs and $3,602,300 was used to fund payroll.

Motor parts & equipment corporation is Existing or more than 2 years old

PPP Loan Search / IL / ROCKFORD / Motor parts & equipment corporation

MOTOR PARTS & EQUIPMENT CORPORATION

Date Approved

04/07/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MOTOR PARTS & EQUIPMENT CORPORATION

Borrower Address

1670 Northrock Court

Borrower City

ROCKFORD

Borrower State

IL

Borrower Zip

61103-1203

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3602300.00

Current Approval Amount

3602300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

118394

Servicing Lender Name

Wheaton Bank & Trust Company, National Association

Servicing Lender Address

100 N Wheaton Ave

Servicing Lender City

WHEATON

Servicing Lender State

IL

Servicing Lender Zip

60187-5122

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROCKFORD

Project County Name

WINNEBAGO

Project State

IL

Project Zip

61103-1203

CD

IL-16

Jobs Reported

500

NAICS Code

441310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

360230.00

Payroll Proceed

2701725.00

Mortgage Interest Proceed

0.00

Rent Proceed

540345.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

118394

Originating Lender

Wheaton Bank & Trust Company, National Association

Originating Lender City

WHEATON

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3644326.83

Forgiveness Date

06/11/2021

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