PPP Loan information for Sumerel tire service, inc

$648,100

Sumerel tire service, inc was initially approved for PPP Loan of amount $648,100, the current approved amount is $648,100. The loan was approved on 04/05/2020 by The Stock Yards Bank & Trust Company reported 58 jobs and $648,100 was used to fund payroll.

Sumerel tire service, inc is Existing or more than 2 years old

PPP Loan Search / KY / NEWPORT / Sumerel tire service, inc

SUMEREL TIRE SERVICE, INC

Date Approved

04/05/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

SUMEREL TIRE SERVICE, INC

Borrower Address

700 BRIGHTON ST

Borrower City

NEWPORT

Borrower State

KY

Borrower Zip

41071-1242

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

648100.00

Current Approval Amount

648100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27569

Servicing Lender Name

Stock Yards Bank & Trust Company

Servicing Lender Address

1040 E Main St

Servicing Lender City

LOUISVILLE

Servicing Lender State

KY

Servicing Lender Zip

40206-1856

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT

Project County Name

CAMPBELL

Project State

KY

Project Zip

41071-1242

CD

KY-04

Jobs Reported

58

NAICS Code

441320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

648100.00

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

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

27569

Originating Lender

Stock Yards Bank & Trust Company

Originating Lender City

LOUISVILLE

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

652450.26

Forgiveness Date

12/15/2020

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