PPP Loan information for Dependable motors inc

$86,542

Dependable motors inc was initially approved for PPP Loan of amount $86,542, the current approved amount is $86,542. The loan was approved on 04/12/2020 by The CapStar Bank reported 9 jobs and $86,542 was used to fund payroll.

Dependable motors inc is Existing or more than 2 years old

DEPENDABLE MOTORS INC

Date Approved

04/12/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

DEPENDABLE MOTORS INC

Borrower Address

803 E Broadway

Borrower City

Lenior City

Borrower State

TN

Borrower Zip

37771-3014

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

86542.00

Current Approval Amount

86542.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

457013

Servicing Lender Name

CapStar Bank

Servicing Lender Address

1201 Demonbreun St Ste 700

Servicing Lender City

NASHVILLE

Servicing Lender State

TN

Servicing Lender Zip

37203-5078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lenior City

Project County Name

LOUDON

Project State

TN

Project Zip

37771-3014

CD

TN-02

Jobs Reported

9

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3390.00

Payroll Proceed

71152.00

Mortgage Interest Proceed

0.00

Rent Proceed

12000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

457013

Originating Lender

CapStar Bank

Originating Lender City

NASHVILLE

Originating Lender State

TN

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

87655.03

Forgiveness Date

08/09/2021

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