PPP Loan information for Babcock motors inc

$96,683

Babcock motors inc was initially approved for PPP Loan of amount $96,683, the current approved amount is $96,683. The loan was approved on 04/10/2020 by The Ally Bank reported 15 jobs and $96,683 was used to fund payroll.

Babcock motors inc is Existing or more than 2 years old

PPP Loan Search / IN / ORLEANS / Babcock motors inc

BABCOCK MOTORS INC

Date Approved

04/10/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

BABCOCK MOTORS INC

Borrower Address

1302 MAPLE ST

Borrower City

ORLEANS

Borrower State

IN

Borrower Zip

47452-9283

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

96683.38

Current Approval Amount

96683.38

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

426652

Servicing Lender Name

Ally Bank

Servicing Lender Address

200 W Civic Center Dr

Servicing Lender City

SANDY

Servicing Lender State

UT

Servicing Lender Zip

84070-4207

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ORLEANS

Project County Name

ORANGE

Project State

IN

Project Zip

47452-9283

CD

IN-08

Jobs Reported

15

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

96683.38

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

Subchapter S Corporation

Originating Lender Location Id

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

97314.51

Forgiveness Date

12/09/2020

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