PPP Loan information for Brown's sterling motors inc

$757,813

Brown's sterling motors inc was initially approved for PPP Loan of amount $346,100, the current approved amount is $757,813. The loan was approved on 04/10/2020 by The Truist Bank reported 56 jobs and $757,813 was used to fund payroll.

Brown's sterling motors inc is Existing or more than 2 years old

PPP Loan Search / VA / STERLING / Brown's sterling motors inc

BROWN'S STERLING MOTORS INC

Date Approved

04/10/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

BROWN'S STERLING MOTORS INC

Borrower Address

21900 AUTO WORLD CIR

Borrower City

STERLING

Borrower State

VA

Borrower Zip

20166-2518

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

346100.00

Current Approval Amount

757813.33

Undisbursed Amount

0.00

Franchise Name

Jeep - Sales and Service Agreement

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STERLING

Project County Name

LOUDOUN

Project State

VA

Project Zip

20166-2518

CD

VA-10

Jobs Reported

56

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

757813.33

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

766254.53

Forgiveness Date

06/11/2021

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