Motion Index Drives Inc.

$147,800 PPP Loan in Troy, Michigan

Loan Details

Loan Number
6688857007
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$147,800
Current Approval
$147,800
Forgiveness Amount
$148,617
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Motion Index Drives Inc.
Address
1204 East Maple Road
City
Troy
ZIP Code
48083-2817
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423860)
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$147,800

Lender Information

Servicing Lender
Fifth Third Bank
Originating Lender
Fifth Third Bank

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