Motor City Power Sports
$290,900 PPP Loan in Novi, Michigan
Loan Details
- Loan Number
- 1650267303
- Date Approved
- Apr 28, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $290,900
- Current Approval
- $290,900
- Forgiveness Amount
- $294,035
- Forgiveness Date
- May 28, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Motor City Power Sports
- Address
- 42875 Grand River Ave Suite 201
- City
- Novi
- State
- Michigan
- ZIP Code
- 48375-1782
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Retail Trade (441228)
- Franchise
- Polaris - Dealer Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 26
- Estimated Revenue
- $6.8M
- Rural/Urban
- Urban
- Congressional District
- MI-06
Loan Use Breakdown
- Payroll
- $232,758
- Mortgage Interest
- $58,142
Lender Information
- Servicing Lender
- Comerica Bank
- Originating Lender
- Comerica Bank
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