# PPP loan: MOTOVICITY DISTRIBUTION, INC.
> **$800K** approved 04/16/2020 · Paid in Full · Loan `2566057203`
## Borrower
- **Name:** MOTOVICITY DISTRIBUTION, INC.
- **Address:** 32655 Industrial Drive, Madison Heights, MI, 48071-1517
- **NAICS:** 423120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $800K
- **Initial approval:** $800K
- **Forgiven:** $804K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Jobs reported:** 60
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*