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Motion Raceworks, LLC

$102,200 PPP Loan in De Witt, Iowa

Loan Details

Loan Number
4775457004
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$102,200
Current Approval
$96,500
Forgiveness Amount
$97,288
Forgiveness Date
Feb 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Motion Raceworks, LLC
Address
112 E Industrial St
City
De Witt
State
Iowa
ZIP Code
52742-2134
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-01

Loan Use Breakdown

Payroll
$77,200
Utilities
$9,650
Mortgage Interest
$9,650

Lender Information

Servicing Lender
First Central State Bank
Originating Lender
First Central State Bank

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