PPP Loan information for Powers motor sports inc.

$88,667

Powers motor sports inc. was initially approved for PPP Loan of amount $88,667, the current approved amount is $88,667. The loan was approved on 01/30/2021 by The The Shelby State Bank reported 10 jobs and $88,667 was used to fund payroll.

Powers motor sports inc. is Existing or more than 2 years old

PPP Loan Search / MI / Fremont / Powers motor sports inc.

POWERS MOTOR SPORTS INC.

Date Approved

01/30/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

POWERS MOTOR SPORTS INC.

Borrower Address

11995 N Maple Island Rd

Borrower City

Fremont

Borrower State

MI

Borrower Zip

49412-9400

Loan Status Date

09/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

88667.00

Current Approval Amount

88667.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35312

Servicing Lender Name

The Shelby State Bank

Servicing Lender Address

242 N Michigan Ave

Servicing Lender City

SHELBY

Servicing Lender State

MI

Servicing Lender Zip

49455-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fremont

Project County Name

OCEANA

Project State

MI

Project Zip

49412-9400

CD

MI-02

Jobs Reported

10

NAICS Code

441228

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

88667.00

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

Corporation

Originating Lender Location Id

35312

Originating Lender

The Shelby State Bank

Originating Lender City

SHELBY

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

89138.27

Forgiveness Date

08/18/2021

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