PPP Loan information for Motor specialty inc

$581,765

Motor specialty inc was initially approved for PPP Loan of amount $581,765, the current approved amount is $581,765. The loan was approved on 01/28/2021 by The Tri City National Bank reported 32 jobs and $581,765 was used to fund payroll.

Motor specialty inc is Existing or more than 2 years old

PPP Loan Search / WI / Racine / Motor specialty inc

MOTOR SPECIALTY INC

Date Approved

01/28/2021

SBA Office Code

0563

Processing Method

PPS

Borrower Name

MOTOR SPECIALTY INC

Borrower Address

2801 Lathrop Ave

Borrower City

Racine

Borrower State

WI

Borrower Zip

53405-4426

Loan Status Date

11/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

581765.00

Current Approval Amount

581765.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

76623

Servicing Lender Name

Tri City National Bank

Servicing Lender Address

6400 S 27th St

Servicing Lender City

OAK CREEK

Servicing Lender State

WI

Servicing Lender Zip

53154-1015

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Racine

Project County Name

RACINE

Project State

WI

Project Zip

53405-4426

CD

WI-01

Jobs Reported

32

NAICS Code

333613

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

581759.00

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

76623

Originating Lender

Tri City National Bank

Originating Lender City

OAK CREEK

Originating Lender State

WI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

586063.60

Forgiveness Date

10/25/2021

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