Motor City Electric Co.
$9,560,700 PPP Loan in Detroit, Michigan
Loan Details
- Loan Number
- 9956077206
- Date Approved
- Apr 28, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $9,560,700
- Current Approval
- $9,560,700
- Forgiveness Amount
- $9,728,012
- Forgiveness Date
- Jan 21, 2022
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Motor City Electric Co.
- Address
- 9440 Grinnell St
- City
- Detroit
- State
- Michigan
- ZIP Code
- 48213-1151
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 392
- Estimated Revenue
- $129.0M
- Rural/Urban
- Urban
- Congressional District
- MI-13
Loan Use Breakdown
- Payroll
- $7,648,600
- Mortgage Interest
- $1,912,100
Lender Information
- Servicing Lender
- Comerica Bank
- Originating Lender
- Comerica Bank
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