PPP Loan information for Motorsports warehouse distributors, llc

$43,469

Motorsports warehouse distributors, llc was initially approved for PPP Loan of amount $43,469, the current approved amount is $43,469. The loan was approved on 04/15/2020 by The Maxwell State Bank reported 6 jobs and $43,469 was used to fund payroll.

Motorsports warehouse distributors, llc is Existing or more than 2 years old

PPP Loan Search / IA / Boone / Motorsports warehouse distributors, llc

MOTORSPORTS WAREHOUSE DISTRIBUTORS, LLC

Date Approved

04/15/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MOTORSPORTS WAREHOUSE DISTRIBUTORS, LLC

Borrower Address

1498 220th Street

Borrower City

Boone

Borrower State

IA

Borrower Zip

50036

Loan Status Date

11/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

43468.54

Current Approval Amount

43468.54

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25253

Servicing Lender Name

Maxwell State Bank

Servicing Lender Address

122 Main St

Servicing Lender City

MAXWELL

Servicing Lender State

IA

Servicing Lender Zip

50161-4489

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Boone

Project County Name

BOONE

Project State

IA

Project Zip

50036-0001

CD

IA-04

Jobs Reported

6

NAICS Code

441310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

34774.84

Mortgage Interest Proceed

0.00

Rent Proceed

8693.70

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

25253

Originating Lender

Maxwell State Bank

Originating Lender City

MAXWELL

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

44012.79

Forgiveness Date

07/19/2021

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