PPP Loan information for Kevin powell's forsyth motorsports inc

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

KEVIN POWELL'S FORSYTH MOTORSPORTS INC

Borrower Address

5599 University Parkway

Borrower City

WINSTON SALEM

Borrower State

NC

Borrower Zip

27105-1370

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

237100.00

Current Approval Amount

237100.00

Undisbursed Amount

0.00

Franchise Name

Yamaha (Sales and Service Agreement)

Servicing Lender Location Id

73215

Servicing Lender Name

American National Bank and Trust Company

Servicing Lender Address

628 Main St

Servicing Lender City

DANVILLE

Servicing Lender State

VA

Servicing Lender Zip

24541-1320

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WINSTON SALEM

Project County Name

FORSYTH

Project State

NC

Project Zip

27105-1370

CD

NC-05

Jobs Reported

19

NAICS Code

441228

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6341.00

Payroll Proceed

189684.00

Mortgage Interest Proceed

41075.00

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

73215

Originating Lender

American National Bank and Trust Company

Originating Lender City

DANVILLE

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

239069.25

Forgiveness Date

02/17/2021