PPP Loan information for Solomon motor co., inc

$584,600

Solomon motor co., inc was initially approved for PPP Loan of amount $584,600, the current approved amount is $584,600. The loan was approved on 04/05/2020 by The ServisFirst Bank reported 56 jobs and $584,600 was used to fund payroll.

Solomon motor co., inc is Existing or more than 2 years old

PPP Loan Search / AL / DOTHAN / Solomon motor co., inc

SOLOMON MOTOR CO., INC

Date Approved

04/05/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

SOLOMON MOTOR CO., INC

Borrower Address

4886 MONTGOMERY HWY

Borrower City

DOTHAN

Borrower State

AL

Borrower Zip

36303-1557

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

584600.00

Current Approval Amount

584600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434138

Servicing Lender Name

ServisFirst Bank

Servicing Lender Address

2500 Woodcrest Place

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35209-1374

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DOTHAN

Project County Name

HOUSTON

Project State

AL

Project Zip

36303-1557

CD

AL-02

Jobs Reported

56

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

17266.00

Payroll Proceed

521934.00

Mortgage Interest Proceed

0.00

Rent Proceed

45400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

434138

Originating Lender

ServisFirst Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

578414.71

Forgiveness Date

12/09/2020

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