PPP Loan information for Lane automotive inc

$4,309,816

Lane automotive inc was initially approved for PPP Loan of amount $4,309,816, the current approved amount is $4,309,816. The loan was approved on 04/27/2020 by The Honor CU reported 401 jobs and $4,309,816 was used to fund payroll.

Lane automotive inc is Existing or more than 2 years old

PPP Loan Search / MI / Watervliet / Lane automotive inc

LANE AUTOMOTIVE INC

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LANE AUTOMOTIVE INC

Borrower Address

8300 Lane Drive

Borrower City

Watervliet

Borrower State

MI

Borrower Zip

49098-9583

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4309816.00

Current Approval Amount

4309816.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98710

Servicing Lender Name

Honor CU

Servicing Lender Address

8385 Edgewood Rd

Servicing Lender City

BERRIEN SPRINGS

Servicing Lender State

MI

Servicing Lender Zip

49103-9004

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Watervliet

Project County Name

BERRIEN

Project State

MI

Project Zip

49098-9583

CD

MI-04

Jobs Reported

401

NAICS Code

423140

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

4309816.00

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

Corporation

Originating Lender Location Id

98710

Originating Lender

Honor CU

Originating Lender City

BERRIEN SPRINGS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

4358581.86

Forgiveness Date

06/16/2021

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