PPP Loan information for Crossroads ford of kernersville, inc

Date Approved

04/28/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

CROSSROADS FORD OF KERNERSVILLE, INC

Borrower Address

1330 NC HIGHWAY 66 S

Borrower City

KERNERSVILLE

Borrower State

NC

Borrower Zip

27284-3539

Loan Status Date

11/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

680717.00

Current Approval Amount

680717.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KERNERSVILLE

Project County Name

FORSYTH

Project State

NC

Project Zip

27284-3539

CD

NC-06

Jobs Reported

74

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

26143.00

Payroll Proceed

544574.00

Mortgage Interest Proceed

0.00

Rent Proceed

110000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

690625.21

Forgiveness Date

10/18/2021