PPP Loan information for Salisbury motor company inc.

$110,149

Salisbury motor company inc. was initially approved for PPP Loan of amount $110,149, the current approved amount is $110,149. The loan was approved on 03/13/2021 by The Farmers & Merchants Bank reported 24 jobs and $110,149 was used to fund payroll.

Salisbury motor company inc. is Existing or more than 2 years old

PPP Loan Search / NC / Salisbury / Salisbury motor company inc.

SALISBURY MOTOR COMPANY INC.

Date Approved

03/13/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

SALISBURY MOTOR COMPANY INC.

Borrower Address

700 W Innes St

Borrower City

Salisbury

Borrower State

NC

Borrower Zip

28144-4150

Loan Status Date

05/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

110148.55

Current Approval Amount

110148.55

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50827

Servicing Lender Name

Farmers & Merchants Bank

Servicing Lender Address

138 N Salisbury Ave

Servicing Lender City

GRANITE QUARRY

Servicing Lender State

NC

Servicing Lender Zip

28146

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Salisbury

Project County Name

ROWAN

Project State

NC

Project Zip

28144-4150

CD

NC-08

Jobs Reported

24

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

110146.55

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

50827

Originating Lender

Farmers & Merchants Bank

Originating Lender City

GRANITE QUARRY

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

111326.53

Forgiveness Date

04/26/2022

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