PPP Loan information for Burns motors ltd

$1,671,700

Burns motors ltd was initially approved for PPP Loan of amount $1,671,700, the current approved amount is $1,671,700. The loan was approved on 04/04/2020 by The Lone Star National Bank reported 145 jobs and $1,671,700 was used to fund payroll.

Burns motors ltd is Existing or more than 2 years old

PPP Loan Search / TX / MCALLEN / Burns motors ltd

BURNS MOTORS LTD

Date Approved

04/04/2020

SBA Office Code

0639

Processing Method

PPP

Borrower Name

BURNS MOTORS LTD

Borrower Address

1300 E US HIGHWAY 83

Borrower City

MCALLEN

Borrower State

TX

Borrower Zip

78501-8852

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1671700.00

Current Approval Amount

1671700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71592

Servicing Lender Name

Lone Star National Bank

Servicing Lender Address

206 W Ferguson

Servicing Lender City

PHARR

Servicing Lender State

TX

Servicing Lender Zip

78577-2404

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MCALLEN

Project County Name

HIDALGO

Project State

TX

Project Zip

78501-8852

CD

TX-15

Jobs Reported

145

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1671700.00

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

71592

Originating Lender

Lone Star National Bank

Originating Lender City

PHARR

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1681823.07

Forgiveness Date

11/12/2020

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