PPP Loan information for Young's motorsports

$208,333

Young's motorsports was initially approved for PPP Loan of amount $208,333, the current approved amount is $208,333. The loan was approved on 05/04/2020 by The Wells Fargo Bank, National Association reported 12 jobs and $208,333 was used to fund payroll.

Young's motorsports is Existing or more than 2 years old

PPP Loan Search / NC / MOORESVILLE / Young's motorsports

YOUNG'S MOTORSPORTS

Date Approved

05/04/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

YOUNG'S MOTORSPORTS

Borrower Address

604 PERFORMANCE RD

Borrower City

MOORESVILLE

Borrower State

NC

Borrower Zip

28115

Loan Status Date

04/14/2022

Loan Status

Charged Off

Term

4

SBA Guaranty Percentage

100

Initial Approval Amount

208333.00

Current Approval Amount

208333.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

12096

Servicing Lender Name

Wells Fargo Bank, National Association

Servicing Lender Address

101 N Philips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6738

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MOORESVILLE

Project County Name

IREDELL

Project State

NC

Project Zip

28115-0001

CD

NC-08

Jobs Reported

12

NAICS Code

811198

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

208333.00

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

Sole Proprietorship

Originating Lender Location Id

12096

Originating Lender

Wells Fargo Bank, National Association

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2451.68

Forgiveness Date

04/18/2022

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