PPP Loan information for Young automotive group inc.

$662,260

Young automotive group inc. was initially approved for PPP Loan of amount $662,260, the current approved amount is $662,260. The loan was approved on 03/10/2021 by The JPMorgan Chase Bank, National Association reported 47 jobs and $662,260 was used to fund payroll.

Young automotive group inc. is Existing or more than 2 years old

PPP Loan Search / MI / Lansing / Young automotive group inc.

YOUNG AUTOMOTIVE GROUP INC.

Date Approved

03/10/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

YOUNG AUTOMOTIVE GROUP INC.

Borrower Address

5737 S Pennsylvania Ave

Borrower City

Lansing

Borrower State

MI

Borrower Zip

48911-5212

Loan Status Date

01/21/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

662260.00

Current Approval Amount

662260.00

Undisbursed Amount

0.00

Franchise Name

Kia Dealer Sales and Service Agreement

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lansing

Project County Name

INGHAM

Project State

MI

Project Zip

48911-5212

CD

MI-07

Jobs Reported

47

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

662260.00

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

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

667253.81

Forgiveness Date

12/14/2021

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