PPP Loan information for Reduction in motion enterprises inc

$81,267

Reduction in motion enterprises inc was initially approved for PPP Loan of amount $81,267, the current approved amount is $81,267. The loan was approved on 04/28/2020 by The Manufacturers and Traders Trust Company reported 6 jobs and $81,267 was used to fund payroll.

Reduction in motion enterprises inc is New Business or 2 years or less

PPP Loan Search / MD / FALLSTON / Reduction in motion enterprises inc

REDUCTION IN MOTION ENTERPRISES INC

Date Approved

04/28/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

REDUCTION IN MOTION ENTERPRISES INC

Borrower Address

705 Old Fallston Rd Suite 101

Borrower City

FALLSTON

Borrower State

MD

Borrower Zip

21047

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

81267.00

Current Approval Amount

81267.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

FALLSTON

Project County Name

HARFORD

Project State

MD

Project Zip

21047-0001

CD

MD-01

Jobs Reported

6

NAICS Code

541620

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

76803.00

Mortgage Interest Proceed

0.00

Rent Proceed

3700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

764.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

81788.00

Forgiveness Date

12/22/2020

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