PPP Loan information for Powell watson motors inc.

$1,562,600

Powell watson motors inc. was initially approved for PPP Loan of amount $1,562,600, the current approved amount is $1,562,600. The loan was approved on 04/08/2020 by The Texas Community Bank reported 162 jobs and $1,562,600 was used to fund payroll.

Powell watson motors inc. is Existing or more than 2 years old

PPP Loan Search / TX / LAREDO / Powell watson motors inc.

POWELL WATSON MOTORS INC.

Date Approved

04/08/2020

SBA Office Code

0681

Processing Method

PPP

Borrower Name

POWELL WATSON MOTORS INC.

Borrower Address

6324 BOB BULLOCK LOOP

Borrower City

LAREDO

Borrower State

TX

Borrower Zip

78041-2025

Loan Status Date

09/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1562600.00

Current Approval Amount

1562600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71913

Servicing Lender Name

Texas Community Bank

Servicing Lender Address

6721 McPherson Rd

Servicing Lender City

LAREDO

Servicing Lender State

TX

Servicing Lender Zip

78041-6404

Rural Urban Indicator

U

Hubzone Indicator

N

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

78041-2025

CD

TX-28

Jobs Reported

162

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

33000.00

Payroll Proceed

1195000.00

Mortgage Interest Proceed

0.00

Rent Proceed

278600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

56000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

71913

Originating Lender

Texas Community Bank

Originating Lender City

LAREDO

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1583491.75

Forgiveness Date

08/17/2021

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