PPP Loan information for Motorworks ltd

$64,925

Motorworks ltd was initially approved for PPP Loan of amount $64,925, the current approved amount is $64,925. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 4 jobs and $64,925 was used to fund payroll.

Motorworks ltd is Existing or more than 2 years old

PPP Loan Search / MI / OAK PARK / Motorworks ltd

MOTORWORKS LTD

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTORWORKS LTD

Borrower Address

13350 NORTHEND

Borrower City

OAK PARK

Borrower State

MI

Borrower Zip

48237

Loan Status Date

06/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

64925.00

Current Approval Amount

64925.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

OAK PARK

Project County Name

OAKLAND

Project State

MI

Project Zip

48237-0001

CD

MI-11

Jobs Reported

4

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

900.00

Payroll Proceed

54555.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

4470.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

65568.33

Forgiveness Date

05/03/2021

;