PPP Loan information for University automotive

$674,337

University automotive was initially approved for PPP Loan of amount $674,337, the current approved amount is $674,337. The loan was approved on 04/10/2020 by The First Bank of Boaz reported 65 jobs and $674,337 was used to fund payroll.

University automotive is Existing or more than 2 years old

PPP Loan Search / AL / Huntsville / University automotive

UNIVERSITY AUTOMOTIVE

Date Approved

04/10/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

UNIVERSITY AUTOMOTIVE

Borrower Address

6519 University Drive NW

Borrower City

Huntsville

Borrower State

AL

Borrower Zip

35806-1717

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

674337.00

Current Approval Amount

674337.00

Undisbursed Amount

0.00

Franchise Name

Kia Dealer Sales and Service Agreement

Servicing Lender Location Id

1866

Servicing Lender Name

First Bank of Boaz

Servicing Lender Address

124 S Main St

Servicing Lender City

BOAZ

Servicing Lender State

AL

Servicing Lender Zip

35957-2002

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Huntsville

Project County Name

MADISON

Project State

AL

Project Zip

35806-1717

CD

AL-05

Jobs Reported

65

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

64337.00

Payroll Proceed

540000.00

Mortgage Interest Proceed

0.00

Rent Proceed

70000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

1866

Originating Lender

First Bank of Boaz

Originating Lender City

BOAZ

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

682133.44

Forgiveness Date

06/11/2021

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