PPP Loan information for Mccormick motors inc

$427,000

Mccormick motors inc was initially approved for PPP Loan of amount $427,000, the current approved amount is $427,000. The loan was approved on 04/07/2020 by The Lake City Bank reported 57 jobs and $427,000 was used to fund payroll.

Mccormick motors inc is Existing or more than 2 years old

PPP Loan Search / IN / NAPPANEE / Mccormick motors inc

MCCORMICK MOTORS INC

Date Approved

04/07/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MCCORMICK MOTORS INC

Borrower Address

1255 W Market St

Borrower City

NAPPANEE

Borrower State

IN

Borrower Zip

46550-1725

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

427000.00

Current Approval Amount

427000.00

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

24432

Servicing Lender Name

Lake City Bank

Servicing Lender Address

202 E Center St

Servicing Lender City

WARSAW

Servicing Lender State

IN

Servicing Lender Zip

46580-2842

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NAPPANEE

Project County Name

ELKHART

Project State

IN

Project Zip

46550-1725

CD

IN-02

Jobs Reported

57

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

11000.00

Payroll Proceed

370195.00

Mortgage Interest Proceed

0.00

Rent Proceed

14305.00

Refinance EIDL Proceed

0.00

Health Care Proceed

31500.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24432

Originating Lender

Lake City Bank

Originating Lender City

WARSAW

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

431554.67

Forgiveness Date

05/06/2021

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