PPP Loan information for Covert auto, inc.

$1,868,100

Covert auto, inc. was initially approved for PPP Loan of amount $1,868,100, the current approved amount is $1,868,100. The loan was approved on 04/07/2020 by The Frost Bank reported 123 jobs and $1,868,100 was used to fund payroll.

Covert auto, inc. is Existing or more than 2 years old

PPP Loan Search / TX / AUSTIN / Covert auto, inc.

COVERT AUTO, INC.

Date Approved

04/07/2020

SBA Office Code

0681

Processing Method

PPP

Borrower Name

COVERT AUTO, INC.

Borrower Address

8107 RESEARCH BLVD

Borrower City

AUSTIN

Borrower State

TX

Borrower Zip

78758-8428

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1868100.00

Current Approval Amount

1868100.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

71783

Servicing Lender Name

Frost Bank

Servicing Lender Address

111 W Houston St

Servicing Lender City

SAN ANTONIO

Servicing Lender State

TX

Servicing Lender Zip

78205-1414

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

AUSTIN

Project County Name

TRAVIS

Project State

TX

Project Zip

78758-8428

CD

TX-37

Jobs Reported

123

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1868100.00

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

71783

Originating Lender

Frost Bank

Originating Lender City

SAN ANTONIO

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1889544.76

Forgiveness Date

06/11/2021

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