PPP Loan information for College park motor cars, inc.

$515,071

College park motor cars, inc. was initially approved for PPP Loan of amount $515,071, the current approved amount is $515,071. The loan was approved on 04/29/2020 by The Truist Bank reported 54 jobs and $515,071 was used to fund payroll.

College park motor cars, inc. is Existing or more than 2 years old

PPP Loan Search / MD / College Park / College park motor cars, inc.

COLLEGE PARK MOTOR CARS, INC.

Date Approved

04/29/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

COLLEGE PARK MOTOR CARS, INC.

Borrower Address

9330 Baltimore AVe

Borrower City

College Park

Borrower State

MD

Borrower Zip

20740

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

515071.00

Current Approval Amount

515071.00

Undisbursed Amount

0.00

Franchise Name

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

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

College Park

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20740-1047

CD

MD-04

Jobs Reported

54

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

515071.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

520765.40

Forgiveness Date

06/11/2021

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