Help with using 2 loops and more

You have to define your requirements a little bit more. What if the voltage is above the threshold for X amount of seconds after you turn on the motor? What if that X amount of seconds are greater than the interval you set? What if your threshold value changes during the motor on cycle, does the interval get updated immediately? Otherwise, the rest of it, code wise) is pretty trivial...

Read sensor values

Set interval based on first sensor

if second sensor value is greater than threshold
   turn on motor
   set the time the motor was turned on to now

if it's been a certain interval time since the motor was turned on
  turn it off.