PPP Loan information for Able auto & cycle insurance agency, inc.

$201,400

Able auto & cycle insurance agency, inc. was initially approved for PPP Loan of amount $201,400, the current approved amount is $201,400. The loan was approved on 04/15/2020 by The Live Oak Banking Company reported 28 jobs and $201,400 was used to fund payroll.

Able auto & cycle insurance agency, inc. is Existing or more than 2 years old

PPP Loan Search / NC / Wilmington / Able auto & cycle insurance agency, inc.

ABLE AUTO & CYCLE INSURANCE AGENCY, INC.

Date Approved

04/15/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ABLE AUTO & CYCLE INSURANCE AGENCY, INC.

Borrower Address

4008 Oleander Dr

Borrower City

Wilmington

Borrower State

NC

Borrower Zip

28403

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

201400.00

Current Approval Amount

201400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

455644

Servicing Lender Name

Live Oak Banking Company

Servicing Lender Address

1741 Tiburon Dr

Servicing Lender City

WILMINGTON

Servicing Lender State

NC

Servicing Lender Zip

28403-6244

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wilmington

Project County Name

NEW HANOVER

Project State

NC

Project Zip

28403-0001

CD

NC-07

Jobs Reported

28

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

201400.00

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

455644

Originating Lender

Live Oak Banking Company

Originating Lender City

WILMINGTON

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

203165.70

Forgiveness Date

03/08/2021

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