PPP Loan information for Southgate automotive inc.

$1,366,200

Southgate automotive inc. was initially approved for PPP Loan of amount $1,366,200, the current approved amount is $1,366,200. The loan was approved on 04/29/2020 by The PNC Bank, National Association reported 115 jobs and $1,366,200 was used to fund payroll.

Southgate automotive inc. is Existing or more than 2 years old

PPP Loan Search / MI / SOUTHGATE / Southgate automotive inc.

SOUTHGATE AUTOMOTIVE INC.

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SOUTHGATE AUTOMOTIVE INC.

Borrower Address

16501 Fort St

Borrower City

SOUTHGATE

Borrower State

MI

Borrower Zip

48195

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1366200.00

Current Approval Amount

1366200.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOUTHGATE

Project County Name

WAYNE

Project State

MI

Project Zip

48195-0001

CD

MI-13

Jobs Reported

115

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1366200.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1376218.80

Forgiveness Date

01/20/2021

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