PPP Loan information for U motors inc.

$209,200

U motors inc. was initially approved for PPP Loan of amount $209,200, the current approved amount is $209,200. The loan was approved on 04/03/2020 by The Cornerstone Bank reported 18 jobs and $209,200 was used to fund payroll.

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

PPP Loan Search / ND / FARGO / U motors inc.

U MOTORS INC.

Date Approved

04/03/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

U MOTORS INC.

Borrower Address

2600 Main Ave

Borrower City

FARGO

Borrower State

ND

Borrower Zip

58103-6808

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

209200.00

Current Approval Amount

209200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52722

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

2280 45th St South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8785

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FARGO

Project County Name

CASS

Project State

ND

Project Zip

58103-6808

CD

ND-

Jobs Reported

18

NAICS Code

441210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

209200.00

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

52722

Originating Lender

Cornerstone Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

211071.18

Forgiveness Date

03/02/2021

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