PPP Loan information for Advance motors, llc

$126,732

Advance motors, llc was initially approved for PPP Loan of amount $126,732, the current approved amount is $126,732. The loan was approved on 04/16/2020 by The Honor Bank reported 11 jobs and $126,732 was used to fund payroll.

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

ADVANCE MOTORS, LLC

Date Approved

04/16/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ADVANCE MOTORS, LLC

Borrower Address

888 COMMERCE DR

Borrower City

TRAVERSE CITY

Borrower State

MI

Borrower Zip

49685-5806

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

126732.00

Current Approval Amount

126732.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35331

Servicing Lender Name

Honor Bank

Servicing Lender Address

2254 Henry St

Servicing Lender City

HONOR

Servicing Lender State

MI

Servicing Lender Zip

49640-9407

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TRAVERSE CITY

Project County Name

GRAND TRAVERSE

Project State

MI

Project Zip

49685-5806

CD

MI-01

Jobs Reported

11

NAICS Code

423110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

123007.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

3725.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

35331

Originating Lender

Honor Bank

Originating Lender City

HONOR

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

127774.02

Forgiveness Date

02/11/2021

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