PPP Loan information for Dmac automotive inc

$351,500

Dmac automotive inc was initially approved for PPP Loan of amount $351,500, the current approved amount is $351,500. The loan was approved on 04/08/2020 by The Skyline National Bank reported 35 jobs and $351,500 was used to fund payroll.

Dmac automotive inc is Existing or more than 2 years old

PPP Loan Search / NC / HIGH POINT / Dmac automotive inc

DMAC AUTOMOTIVE INC

Date Approved

04/08/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

DMAC AUTOMOTIVE INC

Borrower Address

2445 North Main St.

Borrower City

HIGH POINT

Borrower State

NC

Borrower Zip

27262-7832

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

351500.00

Current Approval Amount

351500.00

Undisbursed Amount

0.00

Franchise Name

Kia Dealer Sales and Service Agreement

Servicing Lender Location Id

73473

Servicing Lender Name

Skyline National Bank

Servicing Lender Address

113 W Main St

Servicing Lender City

INDEPENDENCE

Servicing Lender State

VA

Servicing Lender Zip

24348

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HIGH POINT

Project County Name

GUILFORD

Project State

NC

Project Zip

27262-7832

CD

NC-06

Jobs Reported

35

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

87875.00

Payroll Proceed

263625.00

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

Corporation

Originating Lender Location Id

73473

Originating Lender

Skyline National Bank

Originating Lender City

INDEPENDENCE

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

354177.18

Forgiveness Date

01/20/2021

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