PPP Loan information for Cloninger ford of morganton, inc.

$540,800

Cloninger ford of morganton, inc. was initially approved for PPP Loan of amount $540,800, the current approved amount is $540,800. The loan was approved on 04/14/2020 by The Pinnacle Bank reported 50 jobs and $540,800 was used to fund payroll.

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

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

CLONINGER FORD OF MORGANTON, INC.

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

CLONINGER FORD OF MORGANTON, INC.

Borrower Address

511 JAKE ALEXANDER BLVD

Borrower City

SALISBURY

Borrower State

NC

Borrower Zip

28147

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

540800.00

Current Approval Amount

540800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203685

Servicing Lender Name

Pinnacle Bank

Servicing Lender Address

150 Third Ave S, Ste 900

Servicing Lender City

NASHVILLE

Servicing Lender State

TN

Servicing Lender Zip

37201-2034

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

28147-0001

CD

NC-08

Jobs Reported

50

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

540800.00

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

203685

Originating Lender

Pinnacle Bank

Originating Lender City

NASHVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

544548.56

Forgiveness Date

12/31/2020

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