Motor Specialty INC

$287,712 PPP Loan in Racine, Wisconsin

Loan Details

Loan Number
5006157106
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$287,712
Current Approval
$287,712
Forgiveness Amount
$289,462
Forgiveness Date
Nov 30, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Motor Specialty INC
Address
2801 Lathrop Ave
City
Racine
ZIP Code
53405-4426
Business Type
Corporation
Industry (NAICS)
Manufacturing (335999)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$10.5M
Rural/Urban
Urban
Congressional District
WI-01

Loan Use Breakdown

Payroll
$268,674
Utilities
$14,096
Debt Interest
$4,942

Lender Information

Servicing Lender
Tri City National Bank
Originating Lender
Tri City National Bank

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