PPP Loan information for Desert sun automotive inc

$625,700

Desert sun automotive inc was initially approved for PPP Loan of amount $625,700, the current approved amount is $625,700. The loan was approved on 04/08/2020 by The First American Bank reported 43 jobs and $625,700 was used to fund payroll.

Desert sun automotive inc is Existing or more than 2 years old

PPP Loan Search / NM / ALAMOGORDO / Desert sun automotive inc

DESERT SUN AUTOMOTIVE INC

Date Approved

04/08/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

DESERT SUN AUTOMOTIVE INC

Borrower Address

3333 N White Sands Blvd

Borrower City

ALAMOGORDO

Borrower State

NM

Borrower Zip

88310-9764

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

625700.00

Current Approval Amount

625700.00

Undisbursed Amount

0.00

Franchise Name

Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement

Servicing Lender Location Id

45718

Servicing Lender Name

First American Bank

Servicing Lender Address

303 W Main St

Servicing Lender City

ARTESIA

Servicing Lender State

NM

Servicing Lender Zip

88210-2133

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALAMOGORDO

Project County Name

OTERO

Project State

NM

Project Zip

88310-9764

CD

NM-02

Jobs Reported

43

NAICS Code

441110

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

625700.00

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

Subchapter S Corporation

Originating Lender Location Id

45718

Originating Lender

First American Bank

Originating Lender City

ARTESIA

Originating Lender State

NM

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

631522.49

Forgiveness Date

03/18/2021

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