PPP Loan information for Bailey motor sales, inc.

$592,738

Bailey motor sales, inc. was initially approved for PPP Loan of amount $592,738, the current approved amount is $592,738. The loan was approved on 04/13/2020 by The Ally Bank reported 55 jobs and $592,738 was used to fund payroll.

Bailey motor sales, inc. is Existing or more than 2 years old

PPP Loan Search / RI / NORTH KINGSTOWN / Bailey motor sales, inc.

BAILEY MOTOR SALES, INC.

Date Approved

04/13/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

BAILEY MOTOR SALES, INC.

Borrower Address

428 Ten Rod Road

Borrower City

NORTH KINGSTOWN

Borrower State

RI

Borrower Zip

02852-4736

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

592738.33

Current Approval Amount

592738.33

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

426652

Servicing Lender Name

Ally Bank

Servicing Lender Address

200 W Civic Center Dr

Servicing Lender City

SANDY

Servicing Lender State

UT

Servicing Lender Zip

84070-4207

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORTH KINGSTOWN

Project County Name

WASHINGTON

Project State

RI

Project Zip

02852-4736

CD

RI-02

Jobs Reported

55

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

592738.33

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

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

596821.64

Forgiveness Date

12/28/2020

;