# PPP loan: MOTOR CITY POWER SPORTS
> **$291K** approved 04/28/2020 · Paid in Full · Loan `1650267303`
## Borrower
- **Name:** MOTOR CITY POWER SPORTS
- **Address:** 42875 Grand River Ave Suite 201, Novi, MI, 48375-1782
- **NAICS:** 441228
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $291K
- **Initial approval:** $291K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 05/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $233K
- **Mortgage interest:** $58K
- **Jobs reported:** 26
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*