PPP Loan information for Area auto center llc

$18,672

Area auto center llc was initially approved for PPP Loan of amount $18,672, the current approved amount is $18,672. The loan was approved on 05/05/2021 by The Farmers and Merchants Bank of Ashland reported 4 jobs and $18,672 was used to fund payroll.

Area auto center llc is Existing or more than 2 years old

PPP Loan Search / IA / Boone / Area auto center llc

AREA AUTO CENTER LLC

Date Approved

05/05/2021

SBA Office Code

0761

Processing Method

PPP

Borrower Name

AREA AUTO CENTER LLC

Borrower Address

1441 Oriole Rd

Borrower City

Boone

Borrower State

IA

Borrower Zip

50036-7571

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

18672.40

Current Approval Amount

18672.40

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

42046

Servicing Lender Name

Farmers and Merchants Bank of Ashland

Servicing Lender Address

1501 Silver St

Servicing Lender City

ASHLAND

Servicing Lender State

NE

Servicing Lender Zip

68003-1847

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Boone

Project County Name

BOONE

Project State

IA

Project Zip

50036-7571

CD

IA-04

Jobs Reported

4

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

18671.40

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

42046

Originating Lender

Farmers and Merchants Bank of Ashland

Originating Lender City

ASHLAND

Originating Lender State

NE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

18722.53

Forgiveness Date

08/16/2021

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