PPP Loan information for Swain motors inc

$292,877

Swain motors inc was initially approved for PPP Loan of amount $292,877, the current approved amount is $292,877. The loan was approved on 04/11/2020 by The Ally Bank reported 22 jobs and $292,877 was used to fund payroll.

Swain motors inc is New Business or 2 years or less

PPP Loan Search / OR / HERMISTON / Swain motors inc

SWAIN MOTORS INC

Date Approved

04/11/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

SWAIN MOTORS INC

Borrower Address

80406 Hwy 395 N

Borrower City

HERMISTON

Borrower State

OR

Borrower Zip

97838-1111

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

292876.90

Current Approval Amount

292876.90

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

426652

Servicing Lender Name

Ally Bank

Servicing Lender Address

200 W Civic Center Dr

Servicing Lender City

SANDY

Servicing Lender State

UT

Servicing Lender Zip

84070-4207

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

HERMISTON

Project County Name

UMATILLA

Project State

OR

Project Zip

97838-1111

CD

OR-02

Jobs Reported

22

NAICS Code

441110

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

292876.90

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

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

295333.81

Forgiveness Date

02/19/2021

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