PPP Loan information for Southern automotive wholesalers, inc.

$154,375

Southern automotive wholesalers, inc. was initially approved for PPP Loan of amount $154,375, the current approved amount is $154,375. The loan was approved on 04/14/2020 by The Independent Bank reported 13 jobs and $154,375 was used to fund payroll.

Southern automotive wholesalers, inc. is Existing or more than 2 years old

PPP Loan Search / MI / PONTIAC / Southern automotive wholesalers, inc.

SOUTHERN AUTOMOTIVE WHOLESALERS, INC.

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SOUTHERN AUTOMOTIVE WHOLESALERS, INC.

Borrower Address

597 N. SAGINAW ST

Borrower City

PONTIAC

Borrower State

MI

Borrower Zip

48342-1468

Loan Status Date

12/09/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

154375.00

Current Approval Amount

154375.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PONTIAC

Project County Name

OAKLAND

Project State

MI

Project Zip

48342-1468

CD

MI-11

Jobs Reported

13

NAICS Code

423120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

154375.00

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

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

155224.06

Forgiveness Date

11/03/2020

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