PPP Loan information for L & m motors

$10,102

L & m motors was initially approved for PPP Loan of amount $10,102, the current approved amount is $10,102. The loan was approved on 04/27/2021 by The First Horizon Bank reported 2 jobs and $10,102 was used to fund payroll.

L & m motors is Existing or more than 2 years old

PPP Loan Search / NC / China Grove / L & m motors

L & M MOTORS

Date Approved

04/27/2021

SBA Office Code

0460

Processing Method

PPP

Borrower Name

L & M MOTORS

Borrower Address

1130 S US 29 Hwy

Borrower City

China Grove

Borrower State

NC

Borrower Zip

28023-2314

Loan Status Date

12/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

10102.00

Current Approval Amount

10102.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

China Grove

Project County Name

ROWAN

Project State

NC

Project Zip

28023-2314

CD

NC-08

Jobs Reported

2

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

10098.00

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

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

10151.95

Forgiveness Date

11/03/2021

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