ALCONA MOTORS INC (MI) - 2020 PPP Loan Borrower Profile (# 9366397110)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALCONA MOTORS INC. 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

9366397110

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$174,400

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$175,863.02

Date Loan was Forgiven

Feb 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

8,000

Payroll Proced

166,400

Lender

Huron Community Bank

Business Detail

Business Type

Corporation

NAICS

441110

Borrower Location

LINCOLN, MI

Project Location

LINCOLN, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.