PPP Loan information for Local motion inc

$1,798,642

Local motion inc was initially approved for PPP Loan of amount $1,798,642, the current approved amount is $1,798,642. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 196 jobs and $1,798,642 was used to fund payroll.

Local motion inc is New Business or 2 years or less

PPP Loan Search / MA / Braintree / Local motion inc

LOCAL MOTION INC

Date Approved

05/01/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

LOCAL MOTION INC

Borrower Address

66B Rocsam Park Rd

Borrower City

Braintree

Borrower State

MA

Borrower Zip

02184

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1798642.00

Current Approval Amount

1798642.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Braintree

Project County Name

NORFOLK

Project State

MA

Project Zip

02184-1001

CD

MA-08

Jobs Reported

196

NAICS Code

485410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1798642.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1812242.69

Forgiveness Date

02/05/2021

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