PPP Loan information for Lochmandy motor sales inc

$1,607,592

Lochmandy motor sales inc was initially approved for PPP Loan of amount $1,607,592, the current approved amount is $1,607,592. The loan was approved on 04/09/2020 by The JPMorgan Chase Bank, National Association reported 105 jobs and $1,607,592 was used to fund payroll.

Lochmandy motor sales inc is Existing or more than 2 years old

PPP Loan Search / IN / Elkhart / Lochmandy motor sales inc

LOCHMANDY MOTOR SALES INC

Date Approved

04/09/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

LOCHMANDY MOTOR SALES INC

Borrower Address

920 N napanee st 0.0

Borrower City

Elkhart

Borrower State

IN

Borrower Zip

46514-1248

Loan Status Date

04/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1607592.00

Current Approval Amount

1607592.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elkhart

Project County Name

ELKHART

Project State

IN

Project Zip

46514-1248

CD

IN-02

Jobs Reported

105

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

43025.00

Payroll Proceed

1363134.00

Mortgage Interest Proceed

0.00

Rent Proceed

118683.00

Refinance EIDL Proceed

0.00

Health Care Proceed

82750.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1623127.59

Forgiveness Date

03/31/2021

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