PPP Loan information for Desert sun motors inc

$448,500

Desert sun motors inc was initially approved for PPP Loan of amount $448,500, the current approved amount is $448,500. The loan was approved on 04/08/2020 by The First American Bank reported 32 jobs and $448,500 was used to fund payroll.

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

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

DESERT SUN MOTORS INC

Date Approved

04/08/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

DESERT SUN MOTORS INC

Borrower Address

2600 N White Sands Blvd

Borrower City

ALAMOGORDO

Borrower State

NM

Borrower Zip

88310-6118

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

448500.00

Current Approval Amount

448500.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service 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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALAMOGORDO

Project County Name

OTERO

Project State

NM

Project Zip

88310-6118

CD

NM-02

Jobs Reported

32

NAICS Code

441110

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

448500.00

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

451514.92

Forgiveness Date

12/15/2020

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