Moto Electric INC

$54,900 PPP Loan in Norwalk, Ohio

Loan Details

Loan Number
1659827301
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$54,900
Current Approval
$54,900
Forgiveness Amount
$55,573
Forgiveness Date
Jul 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Moto Electric INC
Address
262 Cleveland Rd
State
Ohio
ZIP Code
44857-9024
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (811310)
Business Age
Existing or more than 2 years old
Jobs Reported
5
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
OH-05

Loan Use Breakdown

Payroll
$41,300
Rent
$4,900
Utilities
$1,100
Health Care
$7,100
Mortgage Interest
$300
Debt Interest
$200

Lender Information

Servicing Lender
Civista Bank
Originating Lender
Civista Bank

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