Mid-States Motors Inc.

$500,000 PPP Loan in Fort Wayne, Indiana

Loan Details

Loan Number
1410997104
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$500,000
Current Approval
$500,000
Forgiveness Amount
$505,798
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mid-States Motors Inc.
Address
502 West Colliseum Blvd 0.0
State
Indiana
ZIP Code
46804-0001
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
65
Estimated Revenue
$16.4M
Rural/Urban
Urban
Congressional District
IN-03

Loan Use Breakdown

Payroll
$480,000
Rent
$15,000
Utilities
$2,500
Debt Interest
$2,500

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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