PPP Loan information for Quality motors

$18,000

Quality motors was initially approved for PPP Loan of amount $18,000, the current approved amount is $18,000. The loan was approved on 04/28/2020 by The DeMotte State Bank reported 2 jobs and $18,000 was used to fund payroll.

Quality motors is Existing or more than 2 years old

PPP Loan Search / IN / KENTLAND / Quality motors

QUALITY MOTORS

Date Approved

04/28/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

QUALITY MOTORS

Borrower Address

311 W RAILROAD ST

Borrower City

KENTLAND

Borrower State

IN

Borrower Zip

47951-1375

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

18000.00

Current Approval Amount

18000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23051

Servicing Lender Name

DeMotte State Bank

Servicing Lender Address

210 S Halleck St

Servicing Lender City

DEMOTTE

Servicing Lender State

IN

Servicing Lender Zip

46310-9595

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KENTLAND

Project County Name

NEWTON

Project State

IN

Project Zip

47951-1375

CD

IN-04

Jobs Reported

2

NAICS Code

441120

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

18000.00

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

Sole Proprietorship

Originating Lender Location Id

23051

Originating Lender

DeMotte State Bank

Originating Lender City

DEMOTTE

Originating Lender State

IN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

16096.44

Forgiveness Date

12/08/2020

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