PPP Loan information for International motorcars, inc.

$3,551,980

International motorcars, inc. was initially approved for PPP Loan of amount $2,641,600, the current approved amount is $3,551,980. The loan was approved on 04/07/2020 by The Truist Bank reported 269 jobs and $3,551,980 was used to fund payroll.

International motorcars, inc. is Existing or more than 2 years old

PPP Loan Search / MD / SUITLAND / International motorcars, inc.

INTERNATIONAL MOTORCARS, INC.

Date Approved

04/07/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

INTERNATIONAL MOTORCARS, INC.

Borrower Address

5001 Auth Way

Borrower City

SUITLAND

Borrower State

MD

Borrower Zip

20746-4205

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2641600.00

Current Approval Amount

3551980.00

Undisbursed Amount

0.00

Franchise Name

BMW of North America, LLC - Center Agreement

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SUITLAND

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20746-4206

CD

MD-04

Jobs Reported

269

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3551980.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

3593814.43

Forgiveness Date

06/16/2021

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