PPP Loan information for Matthews motors inc

$555,000

Matthews motors inc was initially approved for PPP Loan of amount $555,000, the current approved amount is $555,000. The loan was approved on 04/10/2020 by The United Community Bank reported 57 jobs and $555,000 was used to fund payroll.

Matthews motors inc is Existing or more than 2 years old

MATTHEWS MOTORS INC

Date Approved

04/10/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MATTHEWS MOTORS INC

Borrower Address

11315 US HWY 70 W

Borrower City

CLAYTON

Borrower State

NC

Borrower Zip

27520

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

555000.00

Current Approval Amount

555000.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

CLAYTON

Project County Name

JOHNSTON

Project State

NC

Project Zip

27520-1400

CD

NC-13

Jobs Reported

57

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

555000.00

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

Corporation

Originating Lender Location Id

19133

Originating Lender

United Community Bank

Originating Lender City

BLAIRSVILLE

Originating Lender State

GA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

561310.27

Forgiveness Date

06/11/2021

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