PPP Loan information for Southtowne motors of newnan ii inc

$649,500

Southtowne motors of newnan ii inc was initially approved for PPP Loan of amount $649,500, the current approved amount is $649,500. The loan was approved on 04/09/2020 by The Truist Bank reported 64 jobs and $649,500 was used to fund payroll.

Southtowne motors of newnan ii inc is Existing or more than 2 years old

PPP Loan Search / GA / NEWNAN / Southtowne motors of newnan ii inc

SOUTHTOWNE MOTORS OF NEWNAN II INC

Date Approved

04/09/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

SOUTHTOWNE MOTORS OF NEWNAN II INC

Borrower Address

695 Highway 34 E

Borrower City

NEWNAN

Borrower State

GA

Borrower Zip

30265

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

649500.00

Current Approval Amount

649500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWNAN

Project County Name

COWETA

Project State

GA

Project Zip

30265-0001

CD

GA-03

Jobs Reported

64

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

649500.00

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

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

655038.79

Forgiveness Date

02/25/2021

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