PPP Loan information for Quality discount tire
$161,329
Quality discount tire was initially approved for PPP Loan of amount $161,329, the current approved amount is $161,329. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 15 jobs and $161,329 was used to fund payroll.
Quality discount tire is New Business or 2 years or less
QUALITY DISCOUNT TIRE
Date Approved
05/01/2020
SBA Office Code
0353
Processing Method
PPP
Borrower Name
QUALITY DISCOUNT TIRE
Borrower Address
4111 HOWARD AVE
Borrower City
KENSINGTON
Borrower State
MD
Borrower Zip
20895-2417
Loan Status Date
03/17/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
161329.00
Current Approval Amount
161329.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
9551
Servicing Lender Name
Bank of America, National Association
Servicing Lender Address
100 N Tryon St, Ste 170
Servicing Lender City
CHARLOTTE
Servicing Lender State
NC
Servicing Lender Zip
28202-4024
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
N
Business Age Description
New Business or 2 years or less
Project City
KENSINGTON
Project County Name
MONTGOMERY
Project State
MD
Project Zip
20895-2417
CD
MD-08
Jobs Reported
15
NAICS Code
441320
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
0.00
Payroll Proceed
161329.00
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
9551
Originating Lender
Bank of America, National Association
Originating Lender City
CHARLOTTE
Originating Lender State
NC
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
162571.01
Forgiveness Date
02/10/2021