PPP Loan information for Hennessey motors inc

$881,100

Hennessey motors inc was initially approved for PPP Loan of amount $881,100, the current approved amount is $881,100. The loan was approved on 04/06/2020 by The Commerce Bank reported 70 jobs and $881,100 was used to fund payroll.

Hennessey motors inc is Existing or more than 2 years old

HENNESSEY MOTORS INC

Date Approved

04/06/2020

SBA Office Code

0709

Processing Method

PPP

Borrower Name

HENNESSEY MOTORS INC

Borrower Address

9200 PRAIRIE VIEW RD

Borrower City

KANSAS CITY

Borrower State

MO

Borrower Zip

64153-1856

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

881100.00

Current Approval Amount

881100.00

Undisbursed Amount

0.00

Franchise Name

Honda Automobile Division - Dealer Sales and Service Agreement

Servicing Lender Location Id

40781

Servicing Lender Name

Commerce Bank

Servicing Lender Address

1000 Walnut St, 11th Fl

Servicing Lender City

KANSAS CITY

Servicing Lender State

MO

Servicing Lender Zip

64106-2107

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KANSAS CITY

Project County Name

PLATTE

Project State

MO

Project Zip

64153-1856

CD

MO-06

Jobs Reported

70

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

38200.00

Payroll Proceed

704900.00

Mortgage Interest Proceed

138000.00

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

40781

Originating Lender

Commerce Bank

Originating Lender City

KANSAS CITY

Originating Lender State

MO

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

892872.48

Forgiveness Date

08/05/2021

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