PPP Loan information for Kline chevrolet sales corporation, inc.

$1,587,000

Kline chevrolet sales corporation, inc. was initially approved for PPP Loan of amount $1,587,000, the current approved amount is $1,587,000. The loan was approved on 04/08/2020 by The TowneBank reported 158 jobs and $1,587,000 was used to fund payroll.

Kline chevrolet sales corporation, inc. is Existing or more than 2 years old

PPP Loan Search / VA / CHESAPEAKE / Kline chevrolet sales corporation, inc.

KLINE CHEVROLET SALES CORPORATION, INC.

Date Approved

04/08/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

KLINE CHEVROLET SALES CORPORATION, INC.

Borrower Address

1495 S. Military Hwy

Borrower City

CHESAPEAKE

Borrower State

VA

Borrower Zip

23320-2603

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1587000.00

Current Approval Amount

1587000.00

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHESAPEAKE

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23320-2603

CD

VA-03

Jobs Reported

158

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1587000.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1600754.00

Forgiveness Date

02/23/2021

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