PPP Loan information for Palmen automotive group of racine, inc.

$870,311

Palmen automotive group of racine, inc. was initially approved for PPP Loan of amount $870,311, the current approved amount is $870,311. The loan was approved on 04/09/2020 by The JPMorgan Chase Bank, National Association reported 53 jobs and $870,311 was used to fund payroll.

Palmen automotive group of racine, inc. is Existing or more than 2 years old

PPP Loan Search / WI / Racine / Palmen automotive group of racine, inc.

PALMEN AUTOMOTIVE GROUP OF RACINE, INC.

Date Approved

04/09/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

PALMEN AUTOMOTIVE GROUP OF RACINE, INC.

Borrower Address

8320 Washington Avenue 0.0

Borrower City

Racine

Borrower State

WI

Borrower Zip

53406-3733

Loan Status Date

05/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

870311.00

Current Approval Amount

870311.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Racine

Project County Name

RACINE

Project State

WI

Project Zip

53406-3733

CD

WI-01

Jobs Reported

53

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

17594.00

Payroll Proceed

696249.00

Mortgage Interest Proceed

0.00

Rent Proceed

84000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

37468.00

Debt Interest Proceed

35000

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

878934.81

Forgiveness Date

04/12/2021

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