As part of the Paycheck Protection Program MOTORAD OF AMERICA INC 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.

MOTORAD OF AMERICA INC


Loan Amount	$1,290,600
BusinessName	MOTORAD OF AMERICA INC
Address	916 EMPIRE ST
City	MOUNT CARMEL
State	IL
Zip	62863
NAICSCode	423140
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Non-Veteran
NonProfit
JobsReported	117
DateApproved	04/29/2020
Lender	First Mid Bank & Trust, National Association
CD	IL-15
BusinessName.clean	MOTORAD OF AMERICA

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

MOTORAMBAR
MOTORCARS OF LINCOLN
MOTORCYCLES OF MANCHESTER
ANTWERPEN NISSAN
MOTORS GROUP