As part of the Paycheck Protection Program R1 MOTORS, 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.

R1 MOTORS, INC


Loan Amount	$1,870,728
BusinessName	R1 MOTORS, INC
Address	28450 Lorain Rd
City	NORTH OLMSTED
State	OH
Zip	44070
NAICSCode	441110
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	65
DateApproved	04/11/2020
Lender	KeyBank National Association
CD	OH-16
BusinessName.clean	R1 MOTORS

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.

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