PPP Loan information for Lgmac, inc.

$555,282

Lgmac, inc. was initially approved for PPP Loan of amount $555,282, the current approved amount is $555,282. The loan was approved on 04/27/2020 by The Ally Bank reported 56 jobs and $555,282 was used to fund payroll.

Lgmac, inc. is Existing or more than 2 years old

PPP Loan Search / NC / LUMBERTON / Lgmac, inc.

LGMAC, INC.

Date Approved

04/27/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

LGMAC, INC.

Borrower Address

500 LINKHAW RD

Borrower City

LUMBERTON

Borrower State

NC

Borrower Zip

28358-2599

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

555282.19

Current Approval Amount

555282.19

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

426652

Servicing Lender Name

Ally Bank

Servicing Lender Address

200 W Civic Center Dr

Servicing Lender City

SANDY

Servicing Lender State

UT

Servicing Lender Zip

84070-4207

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LUMBERTON

Project County Name

ROBESON

Project State

NC

Project Zip

28358-2599

CD

NC-07

Jobs Reported

56

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

555282.19

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

Subchapter S Corporation

Originating Lender Location Id

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

558675.58

Forgiveness Date

12/09/2020

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