Motor Power INC
$53,800 PPP Loan in Lewiston, Maine
Loan Details
- Loan Number
- 1026277106
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $53,800
- Current Approval
- $53,800
- Forgiveness Amount
- $54,087
- Forgiveness Date
- Feb 12, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Motor Power INC
- Address
- 1505 Lisbon Street
- City
- Lewiston
- State
- Maine
- ZIP Code
- 04240-3515
- Business Type
- Corporation
- Industry (NAICS)
- Other Services (except Public Administration) (811310)
- Business Age
- New Business or 2 years or less
- Jobs Reported
- 4
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- ME-02
Loan Use Breakdown
- Payroll
- $48,766
- Rent
- $2,522
- Utilities
- $2,512
Lender Information
- Servicing Lender
- Maine Community Bank
- Originating Lender
- Maine Community Bank
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