PPP Loan information for Lynn layton chevrolet inc

$1,070,070

Lynn layton chevrolet inc was initially approved for PPP Loan of amount $1,244,000, the current approved amount is $1,070,070. The loan was approved on 04/04/2020 by The United Community Bank reported 94 jobs and $1,070,070 was used to fund payroll.

Lynn layton chevrolet inc is Existing or more than 2 years old

PPP Loan Search / AL / DECATUR / Lynn layton chevrolet inc

LYNN LAYTON CHEVROLET INC

Date Approved

04/04/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

LYNN LAYTON CHEVROLET INC

Borrower Address

2416 Highway 31 South

Borrower City

DECATUR

Borrower State

AL

Borrower Zip

35601

Loan Status Date

02/12/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1244000.00

Current Approval Amount

1070070.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19133

Servicing Lender Name

United Community Bank

Servicing Lender Address

177 Hwy 515 E

Servicing Lender City

BLAIRSVILLE

Servicing Lender State

GA

Servicing Lender Zip

30512-8579

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DECATUR

Project County Name

MORGAN

Project State

AL

Project Zip

35601-0001

CD

AL-05

Jobs Reported

94

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

856070.00

Mortgage Interest Proceed

0.00

Rent Proceed

107000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

107000

Business Type

Subchapter S Corporation

Originating Lender Location Id

19133

Originating Lender

United Community Bank

Originating Lender City

BLAIRSVILLE

Originating Lender State

GA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1081870.49

Forgiveness Date

05/13/2021

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