PPP Loan information for Drive on time motors, inc

$49,707

Drive on time motors, inc was initially approved for PPP Loan of amount $49,707, the current approved amount is $49,707. The loan was approved on 04/06/2020 by The Centennial Bank reported 5 jobs and $49,707 was used to fund payroll.

Drive on time motors, inc is Existing or more than 2 years old

PPP Loan Search / AR / SEARCY / Drive on time motors, inc

DRIVE ON TIME MOTORS, INC

Date Approved

04/06/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

DRIVE ON TIME MOTORS, INC

Borrower Address

900 Eastline Road

Borrower City

SEARCY

Borrower State

AR

Borrower Zip

72143-8341

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

49706.55

Current Approval Amount

49706.55

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4392

Servicing Lender Name

Centennial Bank

Servicing Lender Address

620 Chestnut St

Servicing Lender City

CONWAY

Servicing Lender State

AR

Servicing Lender Zip

72032-5404

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SEARCY

Project County Name

WHITE

Project State

AR

Project Zip

72143-8341

CD

AR-02

Jobs Reported

5

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

49706.55

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

4392

Originating Lender

Centennial Bank

Originating Lender City

CONWAY

Originating Lender State

AR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

50256.73

Forgiveness Date

05/20/2021

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