PPP Loan information for Harbin motor company inc

$707,300

Harbin motor company inc was initially approved for PPP Loan of amount $707,300, the current approved amount is $707,300. The loan was approved on 04/10/2020 by The Peoples Independent Bank reported 59 jobs and $707,300 was used to fund payroll.

Harbin motor company inc is Existing or more than 2 years old

PPP Loan Search / AL / SCOTTSBORO / Harbin motor company inc

HARBIN MOTOR COMPANY INC

Date Approved

04/10/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

HARBIN MOTOR COMPANY INC

Borrower Address

564 MICAH WAY

Borrower City

SCOTTSBORO

Borrower State

AL

Borrower Zip

35769-4135

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

707300.00

Current Approval Amount

707300.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

112423

Servicing Lender Name

Peoples Independent Bank

Servicing Lender Address

121 Billy B Dyar Blvd

Servicing Lender City

BOAZ

Servicing Lender State

AL

Servicing Lender Zip

35957

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SCOTTSBORO

Project County Name

JACKSON

Project State

AL

Project Zip

35769-4135

CD

AL-05

Jobs Reported

59

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

76825.00

Payroll Proceed

530475.00

Mortgage Interest Proceed

0.00

Rent Proceed

100000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

112423

Originating Lender

Peoples Independent Bank

Originating Lender City

BOAZ

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

713272.76

Forgiveness Date

02/09/2021

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