PPP Loan information for Sowers & toothman automotive inc

$376,600

Sowers & toothman automotive inc was initially approved for PPP Loan of amount $351,100, the current approved amount is $376,600. The loan was approved on 04/07/2020 by The First Exchange Bank reported 33 jobs and $376,600 was used to fund payroll.

Sowers & toothman automotive inc is New Business or 2 years or less

PPP Loan Search / WV / FAIRMONT / Sowers & toothman automotive inc

SOWERS & TOOTHMAN AUTOMOTIVE INC

Date Approved

04/07/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

SOWERS & TOOTHMAN AUTOMOTIVE INC

Borrower Address

2231 WHITE HALL BLVD

Borrower City

FAIRMONT

Borrower State

WV

Borrower Zip

26554-3498

Loan Status Date

09/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

351100.00

Current Approval Amount

376600.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

75183

Servicing Lender Name

First Exchange Bank

Servicing Lender Address

1 Heritage Way

Servicing Lender City

WHITE HALL

Servicing Lender State

WV

Servicing Lender Zip

26554-4191

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

FAIRMONT

Project County Name

MARION

Project State

WV

Project Zip

26554-3498

CD

WV-02

Jobs Reported

33

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

376600.00

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

75183

Originating Lender

First Exchange Bank

Originating Lender City

WHITE HALL

Originating Lender State

WV

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

381537.64

Forgiveness Date

08/03/2021

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