PPP Loan information for Armstrong motors, inc

$863,543

Armstrong motors, inc was initially approved for PPP Loan of amount $863,543, the current approved amount is $863,543. The loan was approved on 04/27/2020 by The Lewis & Clark Bank reported 59 jobs and $863,543 was used to fund payroll.

Armstrong motors, inc is Existing or more than 2 years old

PPP Loan Search / OR / GLADSTONE / Armstrong motors, inc

ARMSTRONG MOTORS, INC

Date Approved

04/27/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

ARMSTRONG MOTORS, INC

Borrower Address

20000 Mcloughlin Blvd

Borrower City

GLADSTONE

Borrower State

OR

Borrower Zip

97027

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

863542.50

Current Approval Amount

863542.50

Undisbursed Amount

0.00

Franchise Name

Volkswagen Dealer Agreement

Servicing Lender Location Id

444912

Servicing Lender Name

Lewis & Clark Bank

Servicing Lender Address

15960 S. Agnes Ave

Servicing Lender City

Oregon City

Servicing Lender State

OR

Servicing Lender Zip

97045

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GLADSTONE

Project County Name

CLACKAMAS

Project State

OR

Project Zip

97027-0001

CD

OR-05

Jobs Reported

59

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

20000.00

Payroll Proceed

690767.00

Mortgage Interest Proceed

0.00

Rent Proceed

96775.00

Refinance EIDL Proceed

0.00

Health Care Proceed

40000.50

Debt Interest Proceed

16000

Business Type

Subchapter S Corporation

Originating Lender Location Id

444912

Originating Lender

Lewis & Clark Bank

Originating Lender City

Oregon City

Originating Lender State

OR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

872201.58

Forgiveness Date

05/03/2021

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