PPP Loan information for Magic city motor corporation

Date Approved

04/07/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MAGIC CITY MOTOR CORPORATION

Borrower Address

809 Williamson Road NE

Borrower City

ROANOKE

Borrower State

VA

Borrower Zip

24016-1525

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1614300.00

Current Approval Amount

1614300.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

73215

Servicing Lender Name

American National Bank and Trust Company

Servicing Lender Address

628 Main St

Servicing Lender City

DANVILLE

Servicing Lender State

VA

Servicing Lender Zip

24541-1320

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROANOKE

Project County Name

ROANOKE CITY

Project State

VA

Project Zip

24016-1525

CD

VA-06

Jobs Reported

159

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

80715.00

Payroll Proceed

1372155.00

Mortgage Interest Proceed

0.00

Rent Proceed

161430.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

73215

Originating Lender

American National Bank and Trust Company

Originating Lender City

DANVILLE

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1625151.68

Forgiveness Date

12/09/2020