PPP Loan information for Mclaughlin motors inc.

$574,585

Mclaughlin motors inc. was initially approved for PPP Loan of amount $574,585, the current approved amount is $574,585. The loan was approved on 04/16/2020 by The The Bank of Clarendon reported 57 jobs and $574,585 was used to fund payroll.

Mclaughlin motors inc. is Existing or more than 2 years old

PPP Loan Search / SC / SUMTER / Mclaughlin motors inc.

MCLAUGHLIN MOTORS INC.

Date Approved

04/16/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

MCLAUGHLIN MOTORS INC.

Borrower Address

950 N. Main

Borrower City

SUMTER

Borrower State

SC

Borrower Zip

29150

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

574585.00

Current Approval Amount

574585.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

66219

Servicing Lender Name

The Bank of Clarendon

Servicing Lender Address

106 S Brooks St

Servicing Lender City

MANNING

Servicing Lender State

SC

Servicing Lender Zip

29102-3112

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SUMTER

Project County Name

SUMTER

Project State

SC

Project Zip

29150-0001

CD

SC-06

Jobs Reported

57

NAICS Code

423110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

143646.00

Payroll Proceed

430939.00

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

66219

Originating Lender

The Bank of Clarendon

Originating Lender City

MANNING

Originating Lender State

SC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

581559.82

Forgiveness Date

07/02/2021

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