PPP Loan information for Gateway ford lincoln inc

$563,043

Gateway ford lincoln inc was initially approved for PPP Loan of amount $563,043, the current approved amount is $563,043. The loan was approved on 04/08/2020 by The Mountain Commerce Bank reported 52 jobs and $563,043 was used to fund payroll.

Gateway ford lincoln inc is Existing or more than 2 years old

GATEWAY FORD LINCOLN INC

Date Approved

04/08/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

GATEWAY FORD LINCOLN INC

Borrower Address

1055 W ANDREW JOHNSON HWY

Borrower City

GREENEVILLE

Borrower State

TN

Borrower Zip

37745-1437

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

563042.50

Current Approval Amount

563042.50

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

66985

Servicing Lender Name

Mountain Commerce Bank

Servicing Lender Address

6101 Kingston Pk

Servicing Lender City

KNOXVILLE

Servicing Lender State

TN

Servicing Lender Zip

37919-4020

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GREENEVILLE

Project County Name

GREENE

Project State

TN

Project Zip

37745-1437

CD

TN-01

Jobs Reported

52

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

563042.50

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

66985

Originating Lender

Mountain Commerce Bank

Originating Lender City

KNOXVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

566827.40

Forgiveness Date

12/09/2020

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