PPP Loan information for Mcgavock west texas motors, lp

$387,500

Mcgavock west texas motors, lp was initially approved for PPP Loan of amount $387,500, the current approved amount is $387,500. The loan was approved on 04/07/2020 by The American Bank of Commerce reported 27 jobs and $387,500 was used to fund payroll.

Mcgavock west texas motors, lp is Existing or more than 2 years old

PPP Loan Search / TX / LUBBOCK / Mcgavock west texas motors, lp

MCGAVOCK WEST TEXAS MOTORS, LP

Date Approved

04/07/2020

SBA Office Code

0678

Processing Method

PPP

Borrower Name

MCGAVOCK WEST TEXAS MOTORS, LP

Borrower Address

6225 Spur 327

Borrower City

LUBBOCK

Borrower State

TX

Borrower Zip

79424-2747

Loan Status Date

05/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

387500.00

Current Approval Amount

387500.00

Undisbursed Amount

0.00

Franchise Name

Infiniti Dealer Sales and Service Agreement

Servicing Lender Location Id

72188

Servicing Lender Name

American Bank of Commerce

Servicing Lender Address

530 E Hwy 62/82

Servicing Lender City

WOLFFORTH

Servicing Lender State

TX

Servicing Lender Zip

79382-9382

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LUBBOCK

Project County Name

LUBBOCK

Project State

TX

Project Zip

79424-2747

CD

TX-19

Jobs Reported

27

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

290625.00

Mortgage Interest Proceed

0.00

Rent Proceed

96875.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Partnership

Originating Lender Location Id

72188

Originating Lender

American Bank of Commerce

Originating Lender City

WOLFFORTH

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

390610.62

Forgiveness Date

02/02/2021

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