PPP Loan information for Team chevrolet cadillac, inc

$966,510

Team chevrolet cadillac, inc was initially approved for PPP Loan of amount $966,510, the current approved amount is $966,510. The loan was approved on 04/11/2020 by The Ally Bank reported 86 jobs and $966,510 was used to fund payroll.

Team chevrolet cadillac, inc is Existing or more than 2 years old

PPP Loan Search / NC / SALISBURY / Team chevrolet cadillac, inc

TEAM CHEVROLET CADILLAC, INC

Date Approved

04/11/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

TEAM CHEVROLET CADILLAC, INC

Borrower Address

404 Jake Alexander Blvd S

Borrower City

SALISBURY

Borrower State

NC

Borrower Zip

28147-1365

Loan Status Date

04/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

966510.00

Current Approval Amount

966510.00

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

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SALISBURY

Project County Name

ROWAN

Project State

NC

Project Zip

28147-1365

CD

NC-08

Jobs Reported

86

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

966510.00

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

Subchapter S Corporation

Originating Lender Location Id

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

975799.23

Forgiveness Date

03/31/2021

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