PPP Loan information for Marion motor company

$165,151

Marion motor company was initially approved for PPP Loan of amount $165,151, the current approved amount is $165,151. The loan was approved on 04/11/2020 by The Ally Bank reported 17 jobs and $165,151 was used to fund payroll.

Marion motor company is Existing or more than 2 years old

PPP Loan Search / NC / MARION / Marion motor company

MARION MOTOR COMPANY

Date Approved

04/11/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MARION MOTOR COMPANY

Borrower Address

44 Worley Rd

Borrower City

MARION

Borrower State

NC

Borrower Zip

28752-9101

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

165150.89

Current Approval Amount

165150.89

Undisbursed Amount

0.00

Franchise Name

Chrysler - Sales and Service Agreement

Servicing Lender Location Id

426652

Servicing Lender Name

Ally Bank

Servicing Lender Address

200 W Civic Center Dr

Servicing Lender City

SANDY

Servicing Lender State

UT

Servicing Lender Zip

84070-4207

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARION

Project County Name

MCDOWELL

Project State

NC

Project Zip

28752-9101

CD

NC-11

Jobs Reported

17

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

165150.89

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

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

166499.62

Forgiveness Date

02/09/2021

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