PPP Loan information for Mid-state motors, inc.

$525,413

Mid-state motors, inc. was initially approved for PPP Loan of amount $525,413, the current approved amount is $525,413. The loan was approved on 04/10/2020 by The First Horizon Bank reported 48 jobs and $525,413 was used to fund payroll.

Mid-state motors, inc. is Existing or more than 2 years old

PPP Loan Search / NC / ASHEBORO / Mid-state motors, inc.

MID-STATE MOTORS, INC.

Date Approved

04/10/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MID-STATE MOTORS, INC.

Borrower Address

1636 Hwy 64 E

Borrower City

ASHEBORO

Borrower State

NC

Borrower Zip

27205-2255

Loan Status Date

08/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

525412.99

Current Approval Amount

525412.99

Undisbursed Amount

0.00

Franchise Name

Southeast Toyota Distributors, LLC - Toyota Dealer Agreement

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ASHEBORO

Project County Name

RANDOLPH

Project State

NC

Project Zip

27205-2255

CD

NC-09

Jobs Reported

48

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12063.23

Payroll Proceed

472579.81

Mortgage Interest Proceed

0.00

Rent Proceed

29426.28

Refinance EIDL Proceed

0.00

Health Care Proceed

11343.67

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

531995.25

Forgiveness Date

07/22/2021

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