PPP Loan information for The motor company, inc.

$405,400

The motor company, inc. was initially approved for PPP Loan of amount $405,400, the current approved amount is $405,400. The loan was approved on 04/04/2020 by The The Stephenson National Bank and Trust reported 38 jobs and $405,400 was used to fund payroll.

The motor company, inc. is Existing or more than 2 years old

PPP Loan Search / WI / MARINETTE / The motor company, inc.

THE MOTOR COMPANY, INC.

Date Approved

04/04/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

THE MOTOR COMPANY, INC.

Borrower Address

1680 US HIGHWAY 41

Borrower City

MARINETTE

Borrower State

WI

Borrower Zip

54143-9705

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

405400.00

Current Approval Amount

405400.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

76260

Servicing Lender Name

The Stephenson National Bank and Trust

Servicing Lender Address

1820 Hall Ave

Servicing Lender City

MARINETTE

Servicing Lender State

WI

Servicing Lender Zip

54143-1715

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARINETTE

Project County Name

MARINETTE

Project State

WI

Project Zip

54143-9705

CD

WI-08

Jobs Reported

38

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

390500.00

Mortgage Interest Proceed

4900.00

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

76260

Originating Lender

The Stephenson National Bank and Trust

Originating Lender City

MARINETTE

Originating Lender State

WI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

409600.39

Forgiveness Date

04/23/2021

;