Motion Systems Corp.

$503,000 PPP Loan in Eatontown, New Jersey

Loan Details

Loan Number
5023227203
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$503,000
Current Approval
$502,955
Forgiveness Amount
$505,791
Forgiveness Date
Nov 27, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Motion Systems Corp.
Address
600 Industrial Way W
ZIP Code
07724
Business Type
Corporation
Industry (NAICS)
Manufacturing (331221)
Business Age
Existing or more than 2 years old
Jobs Reported
34
Estimated Revenue
$8.9M
Rural/Urban
Urban
Congressional District
NJ-04

Loan Use Breakdown

Payroll
$502,955

Lender Information

Servicing Lender
Lendingclub Bank, National Association
Originating Lender
Lendingclub Bank, National Association

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