PPP Loan information for Suttle motor corporation

Date Approved

04/27/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

SUTTLE MOTOR CORPORATION

Borrower Address

12525 JEFFERSON AVE

Borrower City

NEWPORT NEWS

Borrower State

VA

Borrower Zip

23602-4313

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1540000.00

Current Approval Amount

1540000.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

73444

Servicing Lender Name

The Old Point National Bank of Phoebus

Servicing Lender Address

1 W Mellen St

Servicing Lender City

HAMPTON

Servicing Lender State

VA

Servicing Lender Zip

23663-2305

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT NEWS

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23602-4313

CD

VA-03

Jobs Reported

137

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

39000.00

Payroll Proceed

1360000.00

Mortgage Interest Proceed

21000.00

Rent Proceed

120000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

73444

Originating Lender

The Old Point National Bank of Phoebus

Originating Lender City

HAMPTON

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1549411.11

Forgiveness Date

12/15/2020