PPP Loan information for Capital city motorsports llc

$261,807

Capital city motorsports llc was initially approved for PPP Loan of amount $261,807, the current approved amount is $261,807. The loan was approved on 03/20/2021 by The TowneBank reported 25 jobs and $261,807 was used to fund payroll.

Capital city motorsports llc is Existing or more than 2 years old

PPP Loan Search / MD / Gaithersburg / Capital city motorsports llc

CAPITAL CITY MOTORSPORTS LLC

Date Approved

03/20/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

CAPITAL CITY MOTORSPORTS LLC

Borrower Address

7830 Airpark Rd

Borrower City

Gaithersburg

Borrower State

MD

Borrower Zip

20879-4147

Loan Status Date

08/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

261807.00

Current Approval Amount

261807.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Gaithersburg

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20879-4147

CD

MD-08

Jobs Reported

25

NAICS Code

441228

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

261805.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

265239.58

Forgiveness Date

07/08/2022

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