PPP Loan information for Cannon motors, llc

$593,000

Cannon motors, llc was initially approved for PPP Loan of amount $593,000, the current approved amount is $593,000. The loan was approved on 04/09/2020 by The Planters Bank & Trust Company reported 66 jobs and $593,000 was used to fund payroll.

Cannon motors, llc is Existing or more than 2 years old

PPP Loan Search / MS / OXFORD / Cannon motors, llc

CANNON MOTORS, LLC

Date Approved

04/09/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

CANNON MOTORS, LLC

Borrower Address

100 North Thacker Loop

Borrower City

OXFORD

Borrower State

MS

Borrower Zip

38655-8658

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

593000.00

Current Approval Amount

593000.00

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

39763

Servicing Lender Name

Planters Bank & Trust Company

Servicing Lender Address

212 Catchings Ave

Servicing Lender City

INDIANOLA

Servicing Lender State

MS

Servicing Lender Zip

38751-2408

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OXFORD

Project County Name

LAFAYETTE

Project State

MS

Project Zip

38655-8658

CD

MS-01

Jobs Reported

66

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

32250.00

Payroll Proceed

444750.00

Mortgage Interest Proceed

0.00

Rent Proceed

116000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

39763

Originating Lender

Planters Bank & Trust Company

Originating Lender City

INDIANOLA

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

596752.96

Forgiveness Date

12/07/2020

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