PPP Loan information for Rainey used cars, inc.

$1,311,300

Rainey used cars, inc. was initially approved for PPP Loan of amount $1,311,300, the current approved amount is $1,311,300. The loan was approved on 04/06/2020 by The First Horizon Bank reported 141 jobs and $1,311,300 was used to fund payroll.

Rainey used cars, inc. is Existing or more than 2 years old

PPP Loan Search / GA / ALBANY / Rainey used cars, inc.

RAINEY USED CARS, INC.

Date Approved

04/06/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

RAINEY USED CARS, INC.

Borrower Address

706 E OGLETHORPE BLVD

Borrower City

ALBANY

Borrower State

GA

Borrower Zip

31705-2751

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1311300.00

Current Approval Amount

1311300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALBANY

Project County Name

DOUGHERTY

Project State

GA

Project Zip

31705-2751

CD

GA-02

Jobs Reported

141

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

30000.00

Payroll Proceed

1160375.00

Mortgage Interest Proceed

8600.00

Rent Proceed

77325.00

Refinance EIDL Proceed

0.00

Health Care Proceed

35000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1319386.35

Forgiveness Date

11/27/2020

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