PPP Loan information for Marion chevrolet buick gmc, inc.

$286,900

Marion chevrolet buick gmc, inc. was initially approved for PPP Loan of amount $286,900, the current approved amount is $286,900. The loan was approved on 04/04/2020 by The The Bank of Marion reported 24 jobs and $286,900 was used to fund payroll.

Marion chevrolet buick gmc, inc. is Existing or more than 2 years old

PPP Loan Search / VA / MARION / Marion chevrolet buick gmc, inc.

MARION CHEVROLET BUICK GMC, INC.

Date Approved

04/04/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MARION CHEVROLET BUICK GMC, INC.

Borrower Address

1025 N Main St

Borrower City

MARION

Borrower State

VA

Borrower Zip

24354-4119

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

286900.00

Current Approval Amount

286900.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

73524

Servicing Lender Name

The Bank of Marion

Servicing Lender Address

102 W Main St

Servicing Lender City

MARION

Servicing Lender State

VA

Servicing Lender Zip

24354-2514

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARION

Project County Name

SMYTH

Project State

VA

Project Zip

24354-4119

CD

VA-09

Jobs Reported

24

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

16000.00

Payroll Proceed

252900.00

Mortgage Interest Proceed

0.00

Rent Proceed

18000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

73524

Originating Lender

The Bank of Marion

Originating Lender City

MARION

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

289548.91

Forgiveness Date

03/17/2021

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