PPP Loan information for Network 1 motors, llc

$81,525

Network 1 motors, llc was initially approved for PPP Loan of amount $81,525, the current approved amount is $81,525. The loan was approved on 04/07/2020 by The Frankenmuth CU reported 9 jobs and $81,525 was used to fund payroll.

Network 1 motors, llc is Existing or more than 2 years old

PPP Loan Search / MI / BAD AXE / Network 1 motors, llc

NETWORK 1 MOTORS, LLC

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

NETWORK 1 MOTORS, LLC

Borrower Address

210 PIGEON RD

Borrower City

BAD AXE

Borrower State

MI

Borrower Zip

48413-9106

Loan Status Date

05/27/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

81525.00

Current Approval Amount

81525.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98960

Servicing Lender Name

Frankenmuth CU

Servicing Lender Address

580 N Main St

Servicing Lender City

FRANKENMUTH

Servicing Lender State

MI

Servicing Lender Zip

48734-1118

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BAD AXE

Project County Name

HURON

Project State

MI

Project Zip

48413-9106

CD

MI-09

Jobs Reported

9

NAICS Code

423110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

65000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

6525

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

98960

Originating Lender

Frankenmuth CU

Originating Lender City

FRANKENMUTH

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

82405.02

Forgiveness Date

05/21/2021

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