PPP Loan information for Young motors, llc

$312,900

Young motors, llc was initially approved for PPP Loan of amount $312,900, the current approved amount is $312,900. The loan was approved on 04/04/2020 by The Peoples Independent Bank reported 18 jobs and $312,900 was used to fund payroll.

Young motors, llc is Existing or more than 2 years old

PPP Loan Search / AL / BOAZ / Young motors, llc

YOUNG MOTORS, LLC

Date Approved

04/04/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

YOUNG MOTORS, LLC

Borrower Address

12900 US HIGHWAY 431

Borrower City

BOAZ

Borrower State

AL

Borrower Zip

35956-2050

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

312900.00

Current Approval Amount

312900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112423

Servicing Lender Name

Peoples Independent Bank

Servicing Lender Address

121 Billy B Dyar Blvd

Servicing Lender City

BOAZ

Servicing Lender State

AL

Servicing Lender Zip

35957

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BOAZ

Project County Name

ETOWAH

Project State

AL

Project Zip

35956-2050

CD

AL-04

Jobs Reported

18

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

302900.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

112423

Originating Lender

Peoples Independent Bank

Originating Lender City

BOAZ

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

315029.46

Forgiveness Date

12/08/2020

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