PPP Loan information for Broadway motors inc.

$1,416,742

Broadway motors inc. was initially approved for PPP Loan of amount $1,416,742, the current approved amount is $1,416,742. The loan was approved on 01/20/2021 by The Community National Bank reported 124 jobs and $1,416,742 was used to fund payroll.

Broadway motors inc. is Existing or more than 2 years old

PPP Loan Search / TX / Midland / Broadway motors inc.

BROADWAY MOTORS INC.

Date Approved

01/20/2021

SBA Office Code

0678

Processing Method

PPS

Borrower Name

BROADWAY MOTORS INC.

Borrower Address

1500 Rankin Hwy

Borrower City

Midland

Borrower State

TX

Borrower Zip

79701-8117

Loan Status Date

06/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1416742.00

Current Approval Amount

1416742.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71446

Servicing Lender Name

Community National Bank

Servicing Lender Address

500 W Illinios Ave

Servicing Lender City

MIDLAND

Servicing Lender State

TX

Servicing Lender Zip

79701-4234

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Midland

Project County Name

MIDLAND

Project State

TX

Project Zip

79701-8117

CD

TX-11

Jobs Reported

124

NAICS Code

441320

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1416737.00

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

71446

Originating Lender

Community National Bank

Originating Lender City

MIDLAND

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1435789.31

Forgiveness Date

05/31/2022

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