PPP Loan information for German motors corporation

$3,808,600

German motors corporation was initially approved for PPP Loan of amount $3,808,600, the current approved amount is $3,808,600. The loan was approved on 04/14/2020 by The Customers Bank reported 332 jobs and $3,808,600 was used to fund payroll.

German motors corporation is Existing or more than 2 years old

GERMAN MOTORS CORPORATION

Date Approved

04/14/2020

SBA Office Code

0912

Processing Method

PPP

Borrower Name

GERMAN MOTORS CORPORATION

Borrower Address

1675 Howard Street

Borrower City

San Francisco

Borrower State

CA

Borrower Zip

94103

Loan Status Date

09/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3808600.00

Current Approval Amount

3808600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

San Francisco

Project County Name

SAN FRANCISCO

Project State

CA

Project Zip

94103-0002

CD

CA-11

Jobs Reported

332

NAICS Code

453998

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

3808600.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3853155.40

Forgiveness Date

07/06/2021

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