PPP Loan information for Best value auto parts distributors inc.

$225,000

Best value auto parts distributors inc. was initially approved for PPP Loan of amount $225,000, the current approved amount is $225,000. The loan was approved on 04/15/2020 by The Hanmi Bank reported 36 jobs and $225,000 was used to fund payroll.

Best value auto parts distributors inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Best value auto parts distributors inc.

BEST VALUE AUTO PARTS DISTRIBUTORS INC.

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

BEST VALUE AUTO PARTS DISTRIBUTORS INC.

Borrower Address

600 WEBSTER ST

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49504-3260

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

225000.00

Current Approval Amount

225000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

5597

Servicing Lender Name

Hanmi Bank

Servicing Lender Address

3660 Wilshire Blvd, PH-A

Servicing Lender City

LOS ANGELES

Servicing Lender State

CA

Servicing Lender Zip

90010-2719

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49504-3260

CD

MI-03

Jobs Reported

36

NAICS Code

423840

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

225000.00

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

Cooperative

Originating Lender Location Id

5597

Originating Lender

Hanmi Bank

Originating Lender City

LOS ANGELES

Originating Lender State

CA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

227243.84

Forgiveness Date

05/04/2021

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