Motion Motors Mount Olive, Inc.
$276,083 PPP Loan in Netcong, New Jersey
Loan Details
- Loan Number
- 9980147105
- Date Approved
- Apr 15, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $276,083
- Current Approval
- $276,083
- Forgiveness Amount
- $279,580
- Forgiveness Date
- Jul 29, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Motion Motors Mount Olive, Inc.
- Address
- 30 Church Street
- City
- Netcong
- State
- New Jersey
- ZIP Code
- 07857
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Business Age
- New Business or 2 years or less
- Jobs Reported
- 19
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- NJ-07
Loan Use Breakdown
- Payroll
- $220,866
- Utilities
- $27,608
- Mortgage Interest
- $27,608
Lender Information
- Servicing Lender
- First Hope Bank, a National Banking Association
- Originating Lender
- First Hope Bank, a National Banking Association
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|---|---|---|
| M.i.w. Distribution, LLC | $1,251,470 | |
| Closeouts Surplus & Salvage, INC | $1,067,250 | |
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