PPP Loan information for Mcfadden friendly motors, inc.

$255,457

Mcfadden friendly motors, inc. was initially approved for PPP Loan of amount $255,457, the current approved amount is $255,457. The loan was approved on 04/10/2020 by The Sturgis Bank & Trust Company reported 19 jobs and $255,457 was used to fund payroll.

Mcfadden friendly motors, inc. is Existing or more than 2 years old

PPP Loan Search / MI / SOUTH HAVEN / Mcfadden friendly motors, inc.

MCFADDEN FRIENDLY MOTORS, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MCFADDEN FRIENDLY MOTORS, INC.

Borrower Address

11628 M 140

Borrower City

SOUTH HAVEN

Borrower State

MI

Borrower Zip

49090-8401

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

255457.00

Current Approval Amount

255457.00

Undisbursed Amount

0.00

Franchise Name

Chrysler - Sales and Service Agreement

Servicing Lender Location Id

79717

Servicing Lender Name

Sturgis Bank & Trust Company

Servicing Lender Address

113-125 E Chicago Rd

Servicing Lender City

STURGIS

Servicing Lender State

MI

Servicing Lender Zip

49091-1754

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOUTH HAVEN

Project County Name

VAN BUREN

Project State

MI

Project Zip

49090-8401

CD

MI-04

Jobs Reported

19

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7878.00

Payroll Proceed

191592.00

Mortgage Interest Proceed

0.00

Rent Proceed

24000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

6782.00

Debt Interest Proceed

25205

Business Type

Corporation

Originating Lender Location Id

79717

Originating Lender

Sturgis Bank & Trust Company

Originating Lender City

STURGIS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

257080.73

Forgiveness Date

12/09/2020

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