PPP Loan information for Petro automotive group inc

$738,260

Petro automotive group inc was initially approved for PPP Loan of amount $738,260, the current approved amount is $738,260. The loan was approved on 04/15/2020 by The The First Bank reported 80 jobs and $738,260 was used to fund payroll.

Petro automotive group inc is Existing or more than 2 years old

PETRO AUTOMOTIVE GROUP INC

Date Approved

04/15/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

PETRO AUTOMOTIVE GROUP INC

Borrower Address

6248 U S HIGHWAY 98

Borrower City

HATTIESBURG

Borrower State

MS

Borrower Zip

39402-8531

Loan Status Date

08/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

738260.00

Current Approval Amount

738260.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

120708

Servicing Lender Name

The First Bank

Servicing Lender Address

6480 Hwy 98, West

Servicing Lender City

HATTIESBURG

Servicing Lender State

MS

Servicing Lender Zip

39402

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HATTIESBURG

Project County Name

LAMAR

Project State

MS

Project Zip

39402-8531

CD

MS-04

Jobs Reported

80

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

30502.00

Payroll Proceed

551746.00

Mortgage Interest Proceed

22000.00

Rent Proceed

54000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

43356.00

Debt Interest Proceed

36656

Business Type

Corporation

Originating Lender Location Id

120708

Originating Lender

The First Bank

Originating Lender City

HATTIESBURG

Originating Lender State

MS

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

747877.89

Forgiveness Date

08/04/2021

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