PPP Loan information for Automotive concepts inc

$296,875

Automotive concepts inc was initially approved for PPP Loan of amount $296,875, the current approved amount is $296,875. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 30 jobs and $296,875 was used to fund payroll.

Automotive concepts inc is Existing or more than 2 years old

PPP Loan Search / MD / LUTHERVILLE TIMONIUM / Automotive concepts inc

AUTOMOTIVE CONCEPTS INC

Date Approved

05/01/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

AUTOMOTIVE CONCEPTS INC

Borrower Address

200 W PADONIA RD SUITE F

Borrower City

LUTHERVILLE TIMONIUM

Borrower State

MD

Borrower Zip

21093

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

296875.00

Current Approval Amount

296875.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LUTHERVILLE TIMONIUM

Project County Name

BALTIMORE

Project State

MD

Project Zip

21093-0001

CD

MD-02

Jobs Reported

30

NAICS Code

441310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

296875.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

299656.68

Forgiveness Date

04/15/2021

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