PPP Loan information for Springs automotive group

$903,200

Springs automotive group was initially approved for PPP Loan of amount $903,200, the current approved amount is $903,200. The loan was approved on 04/07/2020 by The American Bank of Commerce reported 73 jobs and $903,200 was used to fund payroll.

Springs automotive group is Existing or more than 2 years old

PPP Loan Search / CO / COLORADO SPRINGS / Springs automotive group

SPRINGS AUTOMOTIVE GROUP

Date Approved

04/07/2020

SBA Office Code

0811

Processing Method

PPP

Borrower Name

SPRINGS AUTOMOTIVE GROUP

Borrower Address

3499 PLATTE AVE

Borrower City

COLORADO SPRINGS

Borrower State

CO

Borrower Zip

80909-6416

Loan Status Date

05/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

903200.00

Current Approval Amount

903200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72188

Servicing Lender Name

American Bank of Commerce

Servicing Lender Address

530 E Hwy 62/82

Servicing Lender City

WOLFFORTH

Servicing Lender State

TX

Servicing Lender Zip

79382-9382

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

COLORADO SPRINGS

Project County Name

EL PASO

Project State

CO

Project Zip

80909-6416

CD

CO-05

Jobs Reported

73

NAICS Code

441120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

112900.00

Payroll Proceed

677400.00

Mortgage Interest Proceed

112900.00

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

72188

Originating Lender

American Bank of Commerce

Originating Lender City

WOLFFORTH

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

911563.88

Forgiveness Date

03/18/2021

;