PPP Loan information for Motovicity distribution, inc.

$800,000

Motovicity distribution, inc. was initially approved for PPP Loan of amount $800,000, the current approved amount is $800,000. The loan was approved on 04/16/2020 by The First Merchants Bank reported 60 jobs and $800,000 was used to fund payroll.

Motovicity distribution, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Madison Heights / Motovicity distribution, inc.

MOTOVICITY DISTRIBUTION, INC.

Date Approved

04/16/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTOVICITY DISTRIBUTION, INC.

Borrower Address

32655 Industrial Drive

Borrower City

Madison Heights

Borrower State

MI

Borrower Zip

48071-1517

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

800000.00

Current Approval Amount

800000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Madison Heights

Project County Name

OAKLAND

Project State

MI

Project Zip

48071-1517

CD

MI-11

Jobs Reported

60

NAICS Code

423120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

800000.00

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

Subchapter S Corporation

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

794307.12

Forgiveness Date

11/05/2020

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