PPP Loan information for Preferred automotive inc

$83,198

Preferred automotive inc was initially approved for PPP Loan of amount $83,198, the current approved amount is $83,198. The loan was approved on 01/21/2021 by The Orrstown Bank reported 9 jobs and $83,198 was used to fund payroll.

Preferred automotive inc is Existing or more than 2 years old

PPP Loan Search / MD / Glen Burnie / Preferred automotive inc

PREFERRED AUTOMOTIVE INC

Date Approved

01/21/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

PREFERRED AUTOMOTIVE INC

Borrower Address

7448 E Furnace Branch Rd

Borrower City

Glen Burnie

Borrower State

MD

Borrower Zip

21060-7284

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

83197.50

Current Approval Amount

83197.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

61196

Servicing Lender Name

Orrstown Bank

Servicing Lender Address

77 E King St

Servicing Lender City

SHIPPENSBURG

Servicing Lender State

PA

Servicing Lender Zip

17257-1307

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Glen Burnie

Project County Name

ANNE ARUNDEL

Project State

MD

Project Zip

21060-7284

CD

MD-03

Jobs Reported

9

NAICS Code

811191

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

83192.50

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

61196

Originating Lender

Orrstown Bank

Originating Lender City

SHIPPENSBURG

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

83767.35

Forgiveness Date

10/06/2021

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