PPP Loan information for Cloninger ford, inc.

$1,219,700

Cloninger ford, inc. was initially approved for PPP Loan of amount $1,219,700, the current approved amount is $1,219,700. The loan was approved on 04/14/2020 by The Truist Bank reported 112 jobs and $1,219,700 was used to fund payroll.

Cloninger ford, inc. is Existing or more than 2 years old

PPP Loan Search / NC / SALISBURY / Cloninger ford, inc.

CLONINGER FORD, INC.

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

CLONINGER FORD, INC.

Borrower Address

511 Jake Alexander Blvd

Borrower City

SALISBURY

Borrower State

NC

Borrower Zip

28147-9055

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1219700.00

Current Approval Amount

1219700.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SALISBURY

Project County Name

ROWAN

Project State

NC

Project Zip

28147-9055

CD

NC-08

Jobs Reported

112

NAICS Code

454390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1219700.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1231795.36

Forgiveness Date

04/19/2021

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