PPP Loan information for Darcars motors of silver spring, inc.

$1,315,000

Darcars motors of silver spring, inc. was initially approved for PPP Loan of amount $1,315,002, the current approved amount is $1,315,000. The loan was approved on 04/13/2020 by The Truist Bank reported 97 jobs and $1,315,000 was used to fund payroll.

Darcars motors of silver spring, inc. is Existing or more than 2 years old

PPP Loan Search / MD / SILVER SPRING / Darcars motors of silver spring, inc.

DARCARS MOTORS OF SILVER SPRING, INC.

Date Approved

04/13/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

DARCARS MOTORS OF SILVER SPRING, INC.

Borrower Address

2505 Prosperity Terrace

Borrower City

SILVER SPRING

Borrower State

MD

Borrower Zip

20904-1651

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1315002.00

Current Approval Amount

1315000.00

Undisbursed Amount

0.00

Franchise Name

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SILVER SPRING

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20904-1651

CD

MD-08

Jobs Reported

97

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1315000.00

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

Subchapter S Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1330159.03

Forgiveness Date

06/11/2021

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