ABSTRAKT MOTION USA (MI) - 2020 PPP Loan Borrower Profile (# 9020328306)

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

9020328306

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$48,738

Date Loan was Approved

Jan 30, 2021

Amount Forgiven

$48,951.91

Date Loan was Forgiven

Jul 14, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

48,736

Lender

Waterman Bank

Business Detail

Business Type

Corporation

NAICS

811111

Borrower Location

Eastpointe, MI

Project Location

Eastpointe, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.