PPP Loan information for Morales machine shop & transportation, llc

Date Approved

04/15/2020

SBA Office Code

0681

Processing Method

PPP

Borrower Name

MORALES MACHINE SHOP & TRANSPORTATION, LLC

Borrower Address

5795 STATE HWY 359

Borrower City

LAREDO

Borrower State

TX

Borrower Zip

78043

Loan Status Date

03/17/2022

Loan Status

Charged Off

Term

3

SBA Guaranty Percentage

100

Initial Approval Amount

704600.00

Current Approval Amount

704600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

70700

Servicing Lender Name

International Bank of Commerce

Servicing Lender Address

1200 San Bernardo Ave

Servicing Lender City

LAREDO

Servicing Lender State

TX

Servicing Lender Zip

78040-6301

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAREDO

Project County Name

WEBB

Project State

TX

Project Zip

78043-0019

CD

TX-28

Jobs Reported

16

NAICS Code

213112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

33490.00

Payroll Proceed

575000.00

Mortgage Interest Proceed

33400.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

62710

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

70700

Originating Lender

International Bank of Commerce

Originating Lender City

LAREDO

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

424943.32

Forgiveness Date

03/15/2022