PPP Loan information for Motorcity solar energy inc.

$590,900

Motorcity solar energy inc. was initially approved for PPP Loan of amount $590,900, the current approved amount is $590,900. The loan was approved on 04/14/2020 by The Readycap Lending, LLC reported 68 jobs and $590,900 was used to fund payroll.

Motorcity solar energy inc. is Existing or more than 2 years old

PPP Loan Search / MI / detroit / Motorcity solar energy inc.

MOTORCITY SOLAR ENERGY INC.

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOTORCITY SOLAR ENERGY INC.

Borrower Address

220 Bagley suite 514

Borrower City

detroit

Borrower State

MI

Borrower Zip

48226

Loan Status Date

11/18/2021

Loan Status

Charged Off

Term

3

SBA Guaranty Percentage

100

Initial Approval Amount

590900.00

Current Approval Amount

590900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

499141

Servicing Lender Name

Readycap Lending, LLC

Servicing Lender Address

200 Connell Drive Suite 4000

Servicing Lender City

BERKELEY HEIGHTS

Servicing Lender State

NJ

Servicing Lender Zip

07922

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

detroit

Project County Name

WAYNE

Project State

MI

Project Zip

48226-0002

CD

MI-13

Jobs Reported

68

NAICS Code

453998

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

590900.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;