PPP Loan information for Preferred auto sales inc.

$23,605

Preferred auto sales inc. was initially approved for PPP Loan of amount $23,605, the current approved amount is $23,605. The loan was approved on 04/10/2020 by The Wayland State Bank reported 4 jobs and $23,605 was used to fund payroll.

Preferred auto sales inc. is Existing or more than 2 years old

PPP Loan Search / IA / LOCKRIDGE / Preferred auto sales inc.

PREFERRED AUTO SALES INC.

Date Approved

04/10/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

PREFERRED AUTO SALES INC.

Borrower Address

2198 VARNISHTREE AVE

Borrower City

LOCKRIDGE

Borrower State

IA

Borrower Zip

52635-8027

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

23605.00

Current Approval Amount

23605.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25565

Servicing Lender Name

Wayland State Bank

Servicing Lender Address

301 S Main

Servicing Lender City

MOUNT PLEASANT

Servicing Lender State

IA

Servicing Lender Zip

52641-2226

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LOCKRIDGE

Project County Name

JEFFERSON

Project State

IA

Project Zip

52635-8027

CD

IA-01

Jobs Reported

4

NAICS Code

423110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

23605.00

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

25565

Originating Lender

Wayland State Bank

Originating Lender City

MOUNT PLEASANT

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

23747.29

Forgiveness Date

11/23/2020

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