PPP Loan information for Richland motors llc

$662,800

Richland motors llc was initially approved for PPP Loan of amount $662,800, the current approved amount is $662,800. The loan was approved on 04/11/2020 by The First American Bank reported 48 jobs and $662,800 was used to fund payroll.

Richland motors llc is New Business or 2 years or less

PPP Loan Search / NM / ROSWELL / Richland motors llc

RICHLAND MOTORS LLC

Date Approved

04/11/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

RICHLAND MOTORS LLC

Borrower Address

2601 W. 2ND ST

Borrower City

ROSWELL

Borrower State

NM

Borrower Zip

88201-1266

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

662800.00

Current Approval Amount

662800.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

45718

Servicing Lender Name

First American Bank

Servicing Lender Address

303 W Main St

Servicing Lender City

ARTESIA

Servicing Lender State

NM

Servicing Lender Zip

88210-2133

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

ROSWELL

Project County Name

CHAVES

Project State

NM

Project Zip

88201-1266

CD

NM-03

Jobs Reported

48

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

662800.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

45718

Originating Lender

First American Bank

Originating Lender City

ARTESIA

Originating Lender State

NM

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

667623.71

Forgiveness Date

01/08/2021

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