PPP Loan information for Quarter mile inc

$53,800

Quarter mile inc was initially approved for PPP Loan of amount $53,800, the current approved amount is $53,800. The loan was approved on 03/26/2021 by The Commerce Bank reported 12 jobs and $53,800 was used to fund payroll.

Quarter mile inc is Existing or more than 2 years old

PPP Loan Search / TX / Laredo / Quarter mile inc

QUARTER MILE INC

Date Approved

03/26/2021

SBA Office Code

0681

Processing Method

PPS

Borrower Name

QUARTER MILE INC

Borrower Address

6420 Polaris Dr Ste 4

Borrower City

Laredo

Borrower State

TX

Borrower Zip

78041-2064

Loan Status Date

10/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

53800.00

Current Approval Amount

53800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

70698

Servicing Lender Name

Commerce Bank

Servicing Lender Address

5800 San Dario

Servicing Lender City

LAREDO

Servicing Lender State

TX

Servicing Lender Zip

78041-3083

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

78041-2064

CD

TX-28

Jobs Reported

12

NAICS Code

541430

Race

White

Ethnicity

Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

53797.00

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

70698

Originating Lender

Commerce Bank

Originating Lender City

LAREDO

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

54544.23

Forgiveness Date

08/18/2022

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