PPP Loan information for Soo motors inc.

$213,900

Soo motors inc. was initially approved for PPP Loan of amount $213,900, the current approved amount is $213,900. The loan was approved on 04/15/2020 by The Old Mission Bank reported 22 jobs and $213,900 was used to fund payroll.

Soo motors inc. is Existing or more than 2 years old

PPP Loan Search / MI / SAULT SAINTE MARIE / Soo motors inc.

SOO MOTORS INC.

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SOO MOTORS INC.

Borrower Address

391 W 3 Mile Road

Borrower City

SAULT SAINTE MARIE

Borrower State

MI

Borrower Zip

49783-0001

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

213900.00

Current Approval Amount

213900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124185

Servicing Lender Name

Old Mission Bank

Servicing Lender Address

2701 I-75 Business Spur

Servicing Lender City

SAULT SAINTE MARIE

Servicing Lender State

MI

Servicing Lender Zip

49783

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAULT SAINTE MARIE

Project County Name

CHIPPEWA

Project State

MI

Project Zip

49783-0001

CD

MI-01

Jobs Reported

22

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

26737.50

Payroll Proceed

160425.00

Mortgage Interest Proceed

26737.50

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

124185

Originating Lender

Old Mission Bank

Originating Lender City

SAULT SAINTE MARIE

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

215801.33

Forgiveness Date

03/02/2021

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