PPP Loan information for Lynch ford-mt vernon, inc.

$1,194,832

Lynch ford-mt vernon, inc. was initially approved for PPP Loan of amount $1,194,832, the current approved amount is $1,194,832. The loan was approved on 01/16/2021 by The Farmers & Merchants Savings Bank reported 105 jobs and $1,194,832 was used to fund payroll.

Lynch ford-mt vernon, inc. is Existing or more than 2 years old

PPP Loan Search / IA / Mount Vernon / Lynch ford-mt vernon, inc.

LYNCH FORD-MT VERNON, INC.

Date Approved

01/16/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

LYNCH FORD-MT VERNON, INC.

Borrower Address

410 Business 30 SW

Borrower City

Mount Vernon

Borrower State

IA

Borrower Zip

52314-1596

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1194832.00

Current Approval Amount

1194832.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

25211

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

MANCHESTER

Servicing Lender State

IA

Servicing Lender Zip

52057-1736

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mount Vernon

Project County Name

LINN

Project State

IA

Project Zip

52314-1596

CD

IA-02

Jobs Reported

105

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1194828.00

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

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1200540.64

Forgiveness Date

07/14/2021

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