PPP Loan information for General automotive sales, inc.

$644,100

General automotive sales, inc. was initially approved for PPP Loan of amount $644,100, the current approved amount is $644,100. The loan was approved on 04/14/2020 by The Southern Bancorp Bank reported 56 jobs and $644,100 was used to fund payroll.

General automotive sales, inc. is Existing or more than 2 years old

PPP Loan Search / AR / EL DORADO / General automotive sales, inc.

GENERAL AUTOMOTIVE SALES, INC.

Date Approved

04/14/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

GENERAL AUTOMOTIVE SALES, INC.

Borrower Address

1830 HILLSBORO ST

Borrower City

EL DORADO

Borrower State

AR

Borrower Zip

71730-6900

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

644100.00

Current Approval Amount

644100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4089

Servicing Lender Name

Southern Bancorp Bank

Servicing Lender Address

605 Main St

Servicing Lender City

ARKADELPHIA

Servicing Lender State

AR

Servicing Lender Zip

71923-6037

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EL DORADO

Project County Name

UNION

Project State

AR

Project Zip

71730-6900

CD

AR-04

Jobs Reported

56

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

64410.00

Payroll Proceed

483075.00

Mortgage Interest Proceed

0.00

Rent Proceed

96615.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

4089

Originating Lender

Southern Bancorp Bank

Originating Lender City

ARKADELPHIA

Originating Lender State

AR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

647999.89

Forgiveness Date

11/25/2020

;