PPP Loan information for Motors and controls corporation

$208,500

Motors and controls corporation was initially approved for PPP Loan of amount $208,500, the current approved amount is $208,500. The loan was approved on 04/15/2020 by The Customers Bank reported 23 jobs and $208,500 was used to fund payroll.

Motors and controls corporation is Existing or more than 2 years old

PPP Loan Search / WA / Kent / Motors and controls corporation

MOTORS AND CONTROLS CORPORATION

Date Approved

04/15/2020

SBA Office Code

1013

Processing Method

PPP

Borrower Name

MOTORS AND CONTROLS CORPORATION

Borrower Address

8030 S 222nd Street

Borrower City

Kent

Borrower State

WA

Borrower Zip

98032

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

208500.00

Current Approval Amount

208500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Kent

Project County Name

KING

Project State

WA

Project Zip

98032-1000

CD

WA-09

Jobs Reported

23

NAICS Code

111211

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

208500.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

209516.79

Forgiveness Date

11/03/2020

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