PPP Loan information for Motor works, inc.

$106,271

Motor works, inc. was initially approved for PPP Loan of amount $106,271, the current approved amount is $106,271. The loan was approved on 04/29/2020 by The Bank of America, National Association reported 7 jobs and $106,271 was used to fund payroll.

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

PPP Loan Search / MD / ROCKVILLE / Motor works, inc.

MOTOR WORKS, INC.

Date Approved

04/29/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

MOTOR WORKS, INC.

Borrower Address

687 LOFSTRAND LN STE V

Borrower City

ROCKVILLE

Borrower State

MD

Borrower Zip

20850-1361

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

106271.00

Current Approval Amount

106271.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCKVILLE

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20850-1361

CD

MD-08

Jobs Reported

7

NAICS Code

811198

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

106271.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

107182.31

Forgiveness Date

03/10/2021

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