PPP Loan information for Classic motors inc

$180,000

Classic motors inc was initially approved for PPP Loan of amount $180,000, the current approved amount is $180,000. The loan was approved on 04/15/2020 by The State Bank of Southern Utah reported 12 jobs and $180,000 was used to fund payroll.

Classic motors inc is Existing or more than 2 years old

PPP Loan Search / UT / RICHFIELD / Classic motors inc

CLASSIC MOTORS INC

Date Approved

04/15/2020

SBA Office Code

0883

Processing Method

PPP

Borrower Name

CLASSIC MOTORS INC

Borrower Address

120 S MAIN ST

Borrower City

RICHFIELD

Borrower State

UT

Borrower Zip

84701-2587

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

180000.00

Current Approval Amount

180000.00

Undisbursed Amount

0.00

Franchise Name

Dodge - Sales and Service Agreement

Servicing Lender Location Id

72214

Servicing Lender Name

State Bank of Southern Utah

Servicing Lender Address

377 N Main St

Servicing Lender City

CEDAR CITY

Servicing Lender State

UT

Servicing Lender Zip

84721-2639

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RICHFIELD

Project County Name

SEVIER

Project State

UT

Project Zip

84701-2587

CD

UT-02

Jobs Reported

12

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

180000.00

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

Subchapter S Corporation

Originating Lender Location Id

72214

Originating Lender

State Bank of Southern Utah

Originating Lender City

CEDAR CITY

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

181158.90

Forgiveness Date

12/09/2020

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