PPP Loan information for Southtowne motors of newnan, inc.

$1,782,655

Southtowne motors of newnan, inc. was initially approved for PPP Loan of amount $1,782,655, the current approved amount is $1,782,655. The loan was approved on 04/11/2020 by The Ally Bank reported 149 jobs and $1,782,655 was used to fund payroll.

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

PPP Loan Search / GA / NEWNAN / Southtowne motors of newnan, inc.

SOUTHTOWNE MOTORS OF NEWNAN, INC.

Date Approved

04/11/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

SOUTHTOWNE MOTORS OF NEWNAN, INC.

Borrower Address

695 Bullsboro Drive

Borrower City

NEWNAN

Borrower State

GA

Borrower Zip

30265-1008

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1782655.00

Current Approval Amount

1782655.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

426652

Servicing Lender Name

Ally Bank

Servicing Lender Address

200 W Civic Center Dr

Servicing Lender City

SANDY

Servicing Lender State

UT

Servicing Lender Zip

84070-4207

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

30265-1008

CD

GA-03

Jobs Reported

149

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1782655.00

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

Subchapter S Corporation

Originating Lender Location Id

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1797213.35

Forgiveness Date

02/09/2021

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