PPP Loan information for Lane's tire and oil service, inc.

$61,100

Lane's tire and oil service, inc. was initially approved for PPP Loan of amount $61,100, the current approved amount is $61,100. The loan was approved on 04/05/2020 by The Merchants & Farmers Bank of Greene County reported 8 jobs and $61,100 was used to fund payroll.

Lane's tire and oil service, inc. is Existing or more than 2 years old

PPP Loan Search / AL / DEMOPOLIS / Lane's tire and oil service, inc.

LANE'S TIRE AND OIL SERVICE, INC.

Date Approved

04/05/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

LANE'S TIRE AND OIL SERVICE, INC.

Borrower Address

1100 US Hwy 80 West

Borrower City

DEMOPOLIS

Borrower State

AL

Borrower Zip

36732

Loan Status Date

06/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

61100.00

Current Approval Amount

61100.00

Undisbursed Amount

0.00

Franchise Name

Tire Pros

Servicing Lender Location Id

1972

Servicing Lender Name

Merchants & Farmers Bank of Greene County

Servicing Lender Address

302 Prairie Ave

Servicing Lender City

EUTAW

Servicing Lender State

AL

Servicing Lender Zip

35462-5112

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DEMOPOLIS

Project County Name

MARENGO

Project State

AL

Project Zip

36732-0001

CD

AL-07

Jobs Reported

8

NAICS Code

441320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2200.00

Payroll Proceed

52900.00

Mortgage Interest Proceed

0.00

Rent Proceed

6000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

1972

Originating Lender

Merchants & Farmers Bank of Greene County

Originating Lender City

EUTAW

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

61773.80

Forgiveness Date

05/13/2021

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