PPP Loan information for Malo automotive group inc

$1,959,000

Malo automotive group inc was initially approved for PPP Loan of amount $1,959,000, the current approved amount is $1,959,000. The loan was approved on 04/09/2020 by The City National Bank of Florida reported 168 jobs and $1,959,000 was used to fund payroll.

Malo automotive group inc is Existing or more than 2 years old

PPP Loan Search / FL / HOLLYWOOD / Malo automotive group inc

MALO AUTOMOTIVE GROUP INC

Date Approved

04/09/2020

SBA Office Code

0455

Processing Method

PPP

Borrower Name

MALO AUTOMOTIVE GROUP INC

Borrower Address

8655 Pines Blvd

Borrower City

HOLLYWOOD

Borrower State

FL

Borrower Zip

33024-6533

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1959000.00

Current Approval Amount

1959000.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

17124

Servicing Lender Name

City National Bank of Florida

Servicing Lender Address

100 SE 2nd St

Servicing Lender City

MIAMI

Servicing Lender State

FL

Servicing Lender Zip

33131

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HOLLYWOOD

Project County Name

BROWARD

Project State

FL

Project Zip

33024-6533

CD

FL-25

Jobs Reported

168

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

489750.00

Payroll Proceed

1469250.00

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

17124

Originating Lender

City National Bank of Florida

Originating Lender City

MIAMI

Originating Lender State

FL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1980736.85

Forgiveness Date

06/08/2021

;