PPP Loan information for The motor shop inc.

$39,725

The motor shop inc. was initially approved for PPP Loan of amount $39,725, the current approved amount is $39,725. The loan was approved on 04/15/2020 by The Alliance Bank & Trust Company reported 4 jobs and $39,725 was used to fund payroll.

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

PPP Loan Search / NC / Gastonia / The motor shop inc.

THE MOTOR SHOP INC.

Date Approved

04/15/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

THE MOTOR SHOP INC.

Borrower Address

5001 S. York Highway

Borrower City

Gastonia

Borrower State

NC

Borrower Zip

28052-6810

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

39725.00

Current Approval Amount

39725.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

388147

Servicing Lender Name

Alliance Bank & Trust Company

Servicing Lender Address

292 W Main Ave

Servicing Lender City

GASTONIA

Servicing Lender State

NC

Servicing Lender Zip

28052-4112

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Gastonia

Project County Name

GASTON

Project State

NC

Project Zip

28052-6810

CD

NC-14

Jobs Reported

4

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

39725.00

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

Subchapter S Corporation

Originating Lender Location Id

388147

Originating Lender

Alliance Bank & Trust Company

Originating Lender City

GASTONIA

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

40184.04

Forgiveness Date

06/11/2021

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