PPP Loan information for M&k automotive, inc.

$613,000

M&k automotive, inc. was initially approved for PPP Loan of amount $613,000, the current approved amount is $613,000. The loan was approved on 04/28/2020 by The Live Oak Banking Company reported 41 jobs and $613,000 was used to fund payroll.

M&k automotive, inc. is Existing or more than 2 years old

PPP Loan Search / IL / Palatine / M&k automotive, inc.

M&K AUTOMOTIVE, INC.

Date Approved

04/28/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

M&K AUTOMOTIVE, INC.

Borrower Address

1400 E Dundee Rd

Borrower City

Palatine

Borrower State

IL

Borrower Zip

60074

Loan Status Date

06/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

613000.00

Current Approval Amount

613000.00

Undisbursed Amount

0.00

Franchise Name

Kia Dealer Sales and Service Agreement

Servicing Lender Location Id

455644

Servicing Lender Name

Live Oak Banking Company

Servicing Lender Address

1741 Tiburon Dr

Servicing Lender City

WILMINGTON

Servicing Lender State

NC

Servicing Lender Zip

28403-6244

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Palatine

Project County Name

COOK

Project State

IL

Project Zip

60074-0100

CD

IL-05

Jobs Reported

41

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

613000.00

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

Subchapter S Corporation

Originating Lender Location Id

455644

Originating Lender

Live Oak Banking Company

Originating Lender City

WILMINGTON

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

619230.77

Forgiveness Date

05/06/2021

;