PPP Loan information for Automotive concepts, inc.

$140,000

Automotive concepts, inc. was initially approved for PPP Loan of amount $140,000, the current approved amount is $140,000. The loan was approved on 04/14/2020 by The Horizon Bank reported 12 jobs and $140,000 was used to fund payroll.

Automotive concepts, inc. is Existing or more than 2 years old

PPP Loan Search / MI / PORTAGE / Automotive concepts, inc.

AUTOMOTIVE CONCEPTS, INC.

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

AUTOMOTIVE CONCEPTS, INC.

Borrower Address

6725 Lovers Lane

Borrower City

PORTAGE

Borrower State

MI

Borrower Zip

49002

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

140000.00

Current Approval Amount

140000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23955

Servicing Lender Name

Horizon Bank

Servicing Lender Address

515 Franklin Sq

Servicing Lender City

MICHIGAN CITY

Servicing Lender State

IN

Servicing Lender Zip

46360-3328

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PORTAGE

Project County Name

KALAMAZOO

Project State

MI

Project Zip

49002-0400

CD

MI-06

Jobs Reported

12

NAICS Code

811121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7000.00

Payroll Proceed

112000.00

Mortgage Interest Proceed

0.00

Rent Proceed

7000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

7000.00

Debt Interest Proceed

7000

Business Type

Subchapter S Corporation

Originating Lender Location Id

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

140916.71

Forgiveness Date

12/31/2020

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