ABSTRAKT MOTION USA (MI) - 2020 PPP Loan Borrower Profile (# 4635907202)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABSTRAKT MOTION USA. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

4635907202

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$65,230

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$65,721.04

Date Loan was Forgiven

Feb 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

65,230

Lender

Waterman Bank

Business Detail

Business Type

Corporation

NAICS

811111

Borrower Location

EASTPOINTE, MI

Project Location

EASTPOINTE, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.