PPP Loan information for Lafontaine motors inc

$1,259,000

Lafontaine motors inc was initially approved for PPP Loan of amount $1,259,000, the current approved amount is $1,259,000. The loan was approved on 04/05/2020 by The The State Bank reported 143 jobs and $1,259,000 was used to fund payroll.

Lafontaine motors inc is Existing or more than 2 years old

PPP Loan Search / MI / DEARBORN / Lafontaine motors inc

LAFONTAINE MOTORS INC

Date Approved

04/05/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LAFONTAINE MOTORS INC

Borrower Address

2027 S TELEGRAPH RD

Borrower City

DEARBORN

Borrower State

MI

Borrower Zip

48124-2516

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1259000.00

Current Approval Amount

1259000.00

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

48124-2516

CD

MI-12

Jobs Reported

143

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1259000.00

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

1273521.62

Forgiveness Date

06/11/2021

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