PPP Loan information for Petro automotive group inc

$738,260

Petro automotive group inc was initially approved for PPP Loan of amount $738,260, the current approved amount is $738,260. The loan was approved on 02/03/2021 by The The First Bank reported 60 jobs and $738,260 was used to fund payroll.

Petro automotive group inc is Existing or more than 2 years old

PPP Loan Search / MS / Hattiesburg / Petro automotive group inc

PETRO AUTOMOTIVE GROUP INC

Date Approved

02/03/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

PETRO AUTOMOTIVE GROUP INC

Borrower Address

6248 U S Highway 98

Borrower City

Hattiesburg

Borrower State

MS

Borrower Zip

39402-8531

Loan Status Date

08/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

738260.00

Current Approval Amount

738260.00

Undisbursed Amount

0.00

Franchise Name

Nissan North America, Inc. - Dealer Sales and Service Agreement

Servicing Lender Location Id

120708

Servicing Lender Name

The First Bank

Servicing Lender Address

6480 Hwy 98, West

Servicing Lender City

HATTIESBURG

Servicing Lender State

MS

Servicing Lender Zip

39402

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hattiesburg

Project County Name

LAMAR

Project State

MS

Project Zip

39402-8531

CD

MS-04

Jobs Reported

60

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

738258.00

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

120708

Originating Lender

The First Bank

Originating Lender City

HATTIESBURG

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

749251.87

Forgiveness Date

07/27/2022

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