PPP Loan information for Southgate auto mart

$12,400

Southgate auto mart was initially approved for PPP Loan of amount $12,400, the current approved amount is $12,400. The loan was approved on 04/08/2020 by The Wayne County Bank reported 5 jobs and $12,400 was used to fund payroll.

Southgate auto mart is Existing or more than 2 years old

SOUTHGATE AUTO MART

Date Approved

04/08/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

SOUTHGATE AUTO MART

Borrower Address

3860 CHISHOLM RD

Borrower City

IRON CITY

Borrower State

TN

Borrower Zip

38463-6558

Loan Status Date

06/03/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

12400.00

Current Approval Amount

12400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68917

Servicing Lender Name

Wayne County Bank

Servicing Lender Address

216 S High St

Servicing Lender City

WAYNESBORO

Servicing Lender State

TN

Servicing Lender Zip

38485-2616

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

IRON CITY

Project County Name

WAYNE

Project State

TN

Project Zip

38463-6558

CD

TN-07

Jobs Reported

5

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

12400.00

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

Sole Proprietorship

Originating Lender Location Id

68917

Originating Lender

Wayne County Bank

Originating Lender City

WAYNESBORO

Originating Lender State

TN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

12499.88

Forgiveness Date

02/09/2021

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