PPP Loan information for Acres automotive inc.

$260,700

Acres automotive inc. was initially approved for PPP Loan of amount $260,700, the current approved amount is $260,700. The loan was approved on 04/29/2020 by The Orrstown Bank reported 18 jobs and $260,700 was used to fund payroll.

Acres automotive inc. is Existing or more than 2 years old

PPP Loan Search / MD / MIDDLE RIVER / Acres automotive inc.

ACRES AUTOMOTIVE INC.

Date Approved

04/29/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

ACRES AUTOMOTIVE INC.

Borrower Address

9720 PULASKI HWY

Borrower City

MIDDLE RIVER

Borrower State

MD

Borrower Zip

21220-1408

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

260700.00

Current Approval Amount

260700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

61196

Servicing Lender Name

Orrstown Bank

Servicing Lender Address

77 E King St

Servicing Lender City

SHIPPENSBURG

Servicing Lender State

PA

Servicing Lender Zip

17257-1307

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MIDDLE RIVER

Project County Name

BALTIMORE

Project State

MD

Project Zip

21220-1408

CD

MD-02

Jobs Reported

18

NAICS Code

811118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

260700.00

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

61196

Originating Lender

Orrstown Bank

Originating Lender City

SHIPPENSBURG

Originating Lender State

PA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

262699.89

Forgiveness Date

02/11/2021

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