PPP Loan information for Legend motor no. 3, inc.

$82,858

Legend motor no. 3, inc. was initially approved for PPP Loan of amount $82,858, the current approved amount is $82,858. The loan was approved on 01/25/2021 by The The Farmers & Merchants State Bank reported 18 jobs and $82,858 was used to fund payroll.

Legend motor no. 3, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Ferndale / Legend motor no. 3, inc.

LEGEND MOTOR NO. 3, INC.

Date Approved

01/25/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

LEGEND MOTOR NO. 3, INC.

Borrower Address

10200 W 8 Mile Rd

Borrower City

Ferndale

Borrower State

MI

Borrower Zip

48220-2166

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

82857.90

Current Approval Amount

82857.90

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53250

Servicing Lender Name

The Farmers & Merchants State Bank

Servicing Lender Address

307 N Defiance St

Servicing Lender City

ARCHBOLD

Servicing Lender State

OH

Servicing Lender Zip

43502-1162

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Ferndale

Project County Name

OAKLAND

Project State

MI

Project Zip

48220-2166

CD

MI-11

Jobs Reported

18

NAICS Code

441120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

82854.90

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

53250

Originating Lender

The Farmers & Merchants State Bank

Originating Lender City

ARCHBOLD

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

83280.13

Forgiveness Date

08/04/2021

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