PPP Loan information for Davis motors, inc.

$406,353

Davis motors, inc. was initially approved for PPP Loan of amount $406,353, the current approved amount is $406,353. The loan was approved on 04/06/2020 by The Home State Bank reported 42 jobs and $406,353 was used to fund payroll.

Davis motors, inc. is Existing or more than 2 years old

PPP Loan Search / MN / LITCHFIELD / Davis motors, inc.

DAVIS MOTORS, INC.

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

DAVIS MOTORS, INC.

Borrower Address

1005 N. SIBLEY AVE

Borrower City

LITCHFIELD

Borrower State

MN

Borrower Zip

55355-1302

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

406352.50

Current Approval Amount

406352.50

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

38267

Servicing Lender Name

Home State Bank

Servicing Lender Address

1435 E Hwy 12

Servicing Lender City

LITCHFIELD

Servicing Lender State

MN

Servicing Lender Zip

55355-5328

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LITCHFIELD

Project County Name

MEEKER

Project State

MN

Project Zip

55355-1302

CD

MN-07

Jobs Reported

42

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

11270.50

Payroll Proceed

325082.00

Mortgage Interest Proceed

0.00

Rent Proceed

70000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38267

Originating Lender

Home State Bank

Originating Lender City

LITCHFIELD

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

409648.47

Forgiveness Date

01/28/2021

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