PPP Loan information for Newton motorsports, llc

$70,698

Newton motorsports, llc was initially approved for PPP Loan of amount $70,698, the current approved amount is $70,698. The loan was approved on 04/11/2020 by The Affinity Bank reported 5 jobs and $70,698 was used to fund payroll.

Newton motorsports, llc is New Business or 2 years or less

PPP Loan Search / GA / STONE MOUNTAIN / Newton motorsports, llc

NEWTON MOTORSPORTS, LLC

Date Approved

04/11/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

NEWTON MOTORSPORTS, LLC

Borrower Address

5484 FIVE FORKS TRICKUM RD

Borrower City

STONE MOUNTAIN

Borrower State

GA

Borrower Zip

30087-3039

Loan Status Date

04/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

70698.00

Current Approval Amount

70698.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

81965

Servicing Lender Name

Affinity Bank

Servicing Lender Address

3175 Hwy 278

Servicing Lender City

Covington

Servicing Lender State

GA

Servicing Lender Zip

30014

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

STONE MOUNTAIN

Project County Name

GWINNETT

Project State

GA

Project Zip

30087-3039

CD

GA-07

Jobs Reported

5

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

70698.00

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

Subchapter S Corporation

Originating Lender Location Id

81965

Originating Lender

Affinity Bank

Originating Lender City

Covington

Originating Lender State

GA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

71308.75

Forgiveness Date

03/05/2021

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