PPP Loan information for Affordable motors llc

$39,000

Affordable motors llc was initially approved for PPP Loan of amount $39,000, the current approved amount is $39,000. The loan was approved on 04/15/2020 by The Troy Bank & Trust Company reported 2 jobs and $39,000 was used to fund payroll.

Affordable motors llc is Existing or more than 2 years old

PPP Loan Search / AL / LANETT / Affordable motors llc

AFFORDABLE MOTORS LLC

Date Approved

04/15/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

AFFORDABLE MOTORS LLC

Borrower Address

107 GILMER AVE

Borrower City

LANETT

Borrower State

AL

Borrower Zip

36863-2000

Loan Status Date

11/14/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

39000.00

Current Approval Amount

39000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3323

Servicing Lender Name

Troy Bank & Trust Company

Servicing Lender Address

1000 US Hwy 231 S

Servicing Lender City

TROY

Servicing Lender State

AL

Servicing Lender Zip

36081-3104

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LANETT

Project County Name

CHAMBERS

Project State

AL

Project Zip

36863-2000

CD

AL-03

Jobs Reported

2

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

700.00

Payroll Proceed

37550.00

Mortgage Interest Proceed

750.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

3323

Originating Lender

Troy Bank & Trust Company

Originating Lender City

TROY

Originating Lender State

AL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

39186.99

Forgiveness Date

10/13/2020

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