PPP Loan information for Chatom motor co., inc.

$231,600

Chatom motor co., inc. was initially approved for PPP Loan of amount $231,600, the current approved amount is $231,600. The loan was approved on 04/09/2020 by The The First Bank reported 25 jobs and $231,600 was used to fund payroll.

Chatom motor co., inc. is Existing or more than 2 years old

PPP Loan Search / AL / CHATOM / Chatom motor co., inc.

CHATOM MOTOR CO., INC.

Date Approved

04/09/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

CHATOM MOTOR CO., INC.

Borrower Address

16835 JORDAN ST

Borrower City

CHATOM

Borrower State

AL

Borrower Zip

36518-3405

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

231600.00

Current Approval Amount

231600.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

120708

Servicing Lender Name

The First Bank

Servicing Lender Address

6480 Hwy 98, West

Servicing Lender City

HATTIESBURG

Servicing Lender State

MS

Servicing Lender Zip

39402

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHATOM

Project County Name

WASHINGTON

Project State

AL

Project Zip

36518-3405

CD

AL-01

Jobs Reported

25

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4717.52

Payroll Proceed

217882.48

Mortgage Interest Proceed

4000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

120708

Originating Lender

The First Bank

Originating Lender City

HATTIESBURG

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

233504.27

Forgiveness Date

02/09/2021

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