PPP Loan information for Lafontaine import motors inc

$672,500

Lafontaine import motors inc was initially approved for PPP Loan of amount $672,500, the current approved amount is $672,500. The loan was approved on 04/05/2020 by The The State Bank reported 83 jobs and $672,500 was used to fund payroll.

Lafontaine import motors inc is Existing or more than 2 years old

PPP Loan Search / MI / DEARBORN / Lafontaine import motors inc

LAFONTAINE IMPORT MOTORS INC

Date Approved

04/05/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LAFONTAINE IMPORT MOTORS INC

Borrower Address

2245 TELEGRAPH RD

Borrower City

DEARBORN

Borrower State

MI

Borrower Zip

48124-2554

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

672500.00

Current Approval Amount

672500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34774

Servicing Lender Name

The State Bank

Servicing Lender Address

101 N Leroy St

Servicing Lender City

FENTON

Servicing Lender State

MI

Servicing Lender Zip

48430-3804

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DEARBORN

Project County Name

WAYNE

Project State

MI

Project Zip

48124-2554

CD

MI-12

Jobs Reported

83

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

672500.00

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

34774

Originating Lender

The State Bank

Originating Lender City

FENTON

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

680256.78

Forgiveness Date

06/11/2021

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