PPP Loan information for Westcott automotive

$610,714

Westcott automotive was initially approved for PPP Loan of amount $610,714, the current approved amount is $610,714. The loan was approved on 04/11/2020 by The Ally Bank reported 49 jobs and $610,714 was used to fund payroll.

Westcott automotive is Existing or more than 2 years old

PPP Loan Search / NC / BURLINGTON / Westcott automotive

WESTCOTT AUTOMOTIVE

Date Approved

04/11/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

WESTCOTT AUTOMOTIVE

Borrower Address

2410 S Church St

Borrower City

BURLINGTON

Borrower State

NC

Borrower Zip

27215-5202

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

610714.00

Current Approval Amount

610714.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

426652

Servicing Lender Name

Ally Bank

Servicing Lender Address

200 W Civic Center Dr

Servicing Lender City

SANDY

Servicing Lender State

UT

Servicing Lender Zip

84070-4207

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BURLINGTON

Project County Name

ALAMANCE

Project State

NC

Project Zip

27215-5202

CD

NC-04

Jobs Reported

49

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

610714.00

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

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

615972.93

Forgiveness Date

02/25/2021

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