PPP Loan information for Modern classic motors inc

$1,025,000

Modern classic motors inc was initially approved for PPP Loan of amount $1,025,000, the current approved amount is $1,025,000. The loan was approved on 04/14/2020 by The Truist Bank reported 102 jobs and $1,025,000 was used to fund payroll.

Modern classic motors inc is Existing or more than 2 years old

PPP Loan Search / SC / BLUFFTON / Modern classic motors inc

MODERN CLASSIC MOTORS INC

Date Approved

04/14/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

MODERN CLASSIC MOTORS INC

Borrower Address

161 Fording Island Rd

Borrower City

BLUFFTON

Borrower State

SC

Borrower Zip

29910

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1025000.00

Current Approval Amount

1025000.00

Undisbursed Amount

0.00

Franchise Name

Mercedes-Benz - Passenger Car Dealer Agreement

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

BLUFFTON

Project County Name

BEAUFORT

Project State

SC

Project Zip

29910-0001

CD

SC-01

Jobs Reported

102

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1025000.00

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

1021710.28

Forgiveness Date

12/15/2020

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