PPP Loan information for Mcgrath nissan inc

$558,942

Mcgrath nissan inc was initially approved for PPP Loan of amount $558,942, the current approved amount is $558,942. The loan was approved on 04/09/2020 by The TBK Bank, SSB reported 38 jobs and $558,942 was used to fund payroll.

Mcgrath nissan inc is Existing or more than 2 years old

PPP Loan Search / IL / ELGIN / Mcgrath nissan inc

MCGRATH NISSAN INC

Date Approved

04/09/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MCGRATH NISSAN INC

Borrower Address

945 E CHICAGO ST

Borrower City

ELGIN

Borrower State

IL

Borrower Zip

60120-6820

Loan Status Date

05/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

558942.42

Current Approval Amount

558942.42

Undisbursed Amount

0.00

Franchise Name

Nissan North America, Inc. - Dealer Sales and Service Agreement

Servicing Lender Location Id

71488

Servicing Lender Name

TBK Bank, SSB

Servicing Lender Address

12700 Park Central Dr, Ste 1700

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75251-1517

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELGIN

Project County Name

COOK

Project State

IL

Project Zip

60120-6820

CD

IL-03

Jobs Reported

38

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

16915.00

Payroll Proceed

498010.42

Mortgage Interest Proceed

0.00

Rent Proceed

7000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

37017.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

71488

Originating Lender

TBK Bank, SSB

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

564718.16

Forgiveness Date

04/26/2021

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