Motor Controls, Inc.

$2,950,080 PPP Loan in Dallas, Texas

Loan Details

Loan Number
5539247101
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$2,950,080
Current Approval
$2,950,080
Forgiveness Amount
$2,983,864
Forgiveness Date
Jun 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Motor Controls, Inc.
Address
10661 Newkirk St
City
Dallas
State
Texas
ZIP Code
75220-2303
Business Type
Corporation
Industry (NAICS)
Manufacturing (335314)
Business Age
Existing or more than 2 years old
Jobs Reported
229
Estimated Revenue
$60.0M
Rural/Urban
Urban
Congressional District
TX-06

Loan Use Breakdown

Payroll
$2,710,080
Rent
$170,000
Utilities
$70,000

Lender Information

Servicing Lender
Texas Capital Bank
Originating Lender
Texas Capital Bank

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