As part of the Paycheck Protection Program MOTOR CITY ELECTRIC CO was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MOTOR CITY ELECTRIC CO


Loan Amount	$9,560,700
BusinessName	MOTOR CITY ELECTRIC CO
Address	9440 GRINNELL ST
City	DETROIT
State	MI
Zip	48213
NAICSCode	238210
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	392
DateApproved	04/28/2020
Lender	Comerica Bank
CD	MI-14
BusinessName.clean	MOTOR CITY ELECTRIC CO

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MOTOR CITY FASTENER
MOTOR CITY PEAKS
MOTOR CITY SALES SERVICE
MOTOR CITY SOLUTIONS
MOTOR CITY STAMPINGS