PPP Loan information for Rainbow city auto acquisitions

$596,182

Rainbow city auto acquisitions was initially approved for PPP Loan of amount $596,182, the current approved amount is $596,182. The loan was approved on 04/09/2020 by The First Bank of Boaz reported 61 jobs and $596,182 was used to fund payroll.

Rainbow city auto acquisitions is Existing or more than 2 years old

PPP Loan Search / AL / Rainbow City / Rainbow city auto acquisitions

RAINBOW CITY AUTO ACQUISITIONS

Date Approved

04/09/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

RAINBOW CITY AUTO ACQUISITIONS

Borrower Address

937 W Grand Avenue

Borrower City

Rainbow City

Borrower State

AL

Borrower Zip

35906-8944

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

596182.00

Current Approval Amount

596182.00

Undisbursed Amount

0.00

Franchise Name

Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement

Servicing Lender Location Id

1866

Servicing Lender Name

First Bank of Boaz

Servicing Lender Address

124 S Main St

Servicing Lender City

BOAZ

Servicing Lender State

AL

Servicing Lender Zip

35957-2002

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rainbow City

Project County Name

ETOWAH

Project State

AL

Project Zip

35906-8944

CD

AL-04

Jobs Reported

61

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

26182.00

Payroll Proceed

535000.00

Mortgage Interest Proceed

0.00

Rent Proceed

35000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

1866

Originating Lender

First Bank of Boaz

Originating Lender City

BOAZ

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

600984.12

Forgiveness Date

02/03/2021

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