PPP Loan information for Preferred automotive associates inc

$119,685

Preferred automotive associates inc was initially approved for PPP Loan of amount $119,685, the current approved amount is $119,685. The loan was approved on 04/15/2020 by The Sandy Spring Bank reported 8 jobs and $119,685 was used to fund payroll.

Preferred automotive associates inc is Existing or more than 2 years old

PPP Loan Search / MD / ROCKVILLE / Preferred automotive associates inc

PREFERRED AUTOMOTIVE ASSOCIATES INC

Date Approved

04/15/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

PREFERRED AUTOMOTIVE ASSOCIATES INC

Borrower Address

12356 Wilkins Avenue

Borrower City

ROCKVILLE

Borrower State

MD

Borrower Zip

20852

Loan Status Date

05/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

119685.00

Current Approval Amount

119685.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCKVILLE

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20852-1000

CD

MD-08

Jobs Reported

8

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

29921.25

Payroll Proceed

89763.75

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

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

120852.34

Forgiveness Date

04/15/2021

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