PPP Loan information for Mervis motors inc

$771,000

Mervis motors inc was initially approved for PPP Loan of amount $771,000, the current approved amount is $771,000. The loan was approved on 04/09/2020 by The BMO Harris Bank National Association reported 68 jobs and $771,000 was used to fund payroll.

Mervis motors inc is Existing or more than 2 years old

PPP Loan Search / IN / RICHMOND / Mervis motors inc

MERVIS MOTORS INC

Date Approved

04/09/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MERVIS MOTORS INC

Borrower Address

3505 Chester Blvd

Borrower City

RICHMOND

Borrower State

IN

Borrower Zip

47374-1020

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

771000.00

Current Approval Amount

771000.00

Undisbursed Amount

0.00

Franchise Name

Chrysler - Sales and Service Agreement

Servicing Lender Location Id

21442

Servicing Lender Name

BMO Harris Bank National Association

Servicing Lender Address

111 W Monroe St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-4096

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RICHMOND

Project County Name

WAYNE

Project State

IN

Project Zip

47374-1020

CD

IN-06

Jobs Reported

68

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

771000.00

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

21442

Originating Lender

BMO Harris Bank National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

778329.78

Forgiveness Date

03/31/2021

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