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
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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