503 MOTORZ, LLC (OR) - 2020 PPP Loan Borrower Profile (# 1474867709)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 503 MOTORZ, LLC. 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 Oregon.

Loan Detail

Loan Number

1474867709

SBA Office Code

1086

Processing Method

PPP

Curent Loan Amount

$50,000

Date Loan was Approved

May 1, 2020

Amount Forgiven

$50,607.06

Date Loan was Forgiven

Jul 22, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,000

Payroll Proced

32,200

Rent Proceed

13,800

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

Borrower Location

PORTLAND, OR

Project Location

PORTLAND, OR

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.