PPP Loan information for Fair oaks motors inc

$1,362,000

Fair oaks motors inc was initially approved for PPP Loan of amount $786,400, the current approved amount is $1,362,000. The loan was approved on 04/07/2020 by The Truist Bank reported 93 jobs and $1,362,000 was used to fund payroll.

Fair oaks motors inc is Existing or more than 2 years old

PPP Loan Search / VA / CHANTILLY / Fair oaks motors inc

FAIR OAKS MOTORS INC

Date Approved

04/07/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

FAIR OAKS MOTORS INC

Borrower Address

4170 AUTO PARK CIR

Borrower City

CHANTILLY

Borrower State

VA

Borrower Zip

20151-1225

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

786400.00

Current Approval Amount

1362000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHANTILLY

Project County Name

FAIRFAX

Project State

VA

Project Zip

20151-1225

CD

VA-11

Jobs Reported

93

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1362000.00

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

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1376641.50

Forgiveness Date

05/20/2021

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