PPP Loan information for Lou's automotive repair llc

$25,937

Lou's automotive repair llc was initially approved for PPP Loan of amount $25,937, the current approved amount is $25,937. The loan was approved on 03/27/2021 by The Magyar Bank reported 4 jobs and $25,937 was used to fund payroll.

Lou's automotive repair llc is Existing or more than 2 years old

PPP Loan Search / NJ / Scotch Plains / Lou's automotive repair llc

LOU'S AUTOMOTIVE REPAIR LLC

Date Approved

03/27/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

LOU'S AUTOMOTIVE REPAIR LLC

Borrower Address

2460 Plainfield Ave

Borrower City

Scotch Plains

Borrower State

NJ

Borrower Zip

07076-2042

Loan Status Date

10/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

25937.00

Current Approval Amount

25937.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

87737

Servicing Lender Name

Magyar Bank

Servicing Lender Address

400 Somerset St

Servicing Lender City

NEW BRUNSWICK

Servicing Lender State

NJ

Servicing Lender Zip

08901-3265

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Scotch Plains

Project County Name

UNION

Project State

NJ

Project Zip

07076-2042

CD

NJ-07

Jobs Reported

4

NAICS Code

811111

Race

Native Hawaiian or Other Pacific Islander

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

25936.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

87737

Originating Lender

Magyar Bank

Originating Lender City

NEW BRUNSWICK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

26047.23

Forgiveness Date

09/07/2021

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