PPP Loan information for Motorsource, inc.

$76,065

Motorsource, inc. was initially approved for PPP Loan of amount $76,000, the current approved amount is $76,065. The loan was approved on 04/09/2020 by The Wintrust Bank, National Association reported 6 jobs and $76,065 was used to fund payroll.

Motorsource, inc. is Existing or more than 2 years old

PPP Loan Search / IL / HIGHLAND PARK / Motorsource, inc.

MOTORSOURCE, INC.

Date Approved

04/09/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MOTORSOURCE, INC.

Borrower Address

2210 Skokie Valley Road

Borrower City

HIGHLAND PARK

Borrower State

IL

Borrower Zip

60035-1733

Loan Status Date

06/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

76000.00

Current Approval Amount

76065.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119179

Servicing Lender Name

Wintrust Bank, National Association

Servicing Lender Address

231 S LaSalle St, 13th Fl

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60604-1471

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HIGHLAND PARK

Project County Name

LAKE

Project State

IL

Project Zip

60035-1733

CD

IL-10

Jobs Reported

6

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7600.00

Payroll Proceed

57065.00

Mortgage Interest Proceed

0.00

Rent Proceed

11400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

119179

Originating Lender

Wintrust Bank, National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

76867.91

Forgiveness Date

05/06/2021

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