PPP Loan information for Sauers motors inc

$449,285

Sauers motors inc was initially approved for PPP Loan of amount $449,285, the current approved amount is $449,285. The loan was approved on 04/14/2021 by The Horizon Bank reported 48 jobs and $449,285 was used to fund payroll.

Sauers motors inc is Existing or more than 2 years old

PPP Loan Search / IN / Laporte / Sauers motors inc

SAUERS MOTORS INC

Date Approved

04/14/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

SAUERS MOTORS INC

Borrower Address

1900 E Lincolnway

Borrower City

Laporte

Borrower State

IN

Borrower Zip

46350-3992

Loan Status Date

02/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

449285.00

Current Approval Amount

449285.00

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

23955

Servicing Lender Name

Horizon Bank

Servicing Lender Address

515 Franklin Sq

Servicing Lender City

MICHIGAN CITY

Servicing Lender State

IN

Servicing Lender Zip

46360-3328

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Laporte

Project County Name

LA PORTE

Project State

IN

Project Zip

46350-3992

CD

IN-02

Jobs Reported

48

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

449282.00

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

Subchapter S Corporation

Originating Lender Location Id

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

452522.31

Forgiveness Date

01/04/2022

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