PPP Loan information for Spikes motor company, inc.

$1,386,100

Spikes motor company, inc. was initially approved for PPP Loan of amount $1,386,100, the current approved amount is $1,386,100. The loan was approved on 04/07/2020 by The Vantage Bank Texas reported 120 jobs and $1,386,100 was used to fund payroll.

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

PPP Loan Search / TX / MISSION / Spikes motor company, inc.

SPIKES MOTOR COMPANY, INC.

Date Approved

04/07/2020

SBA Office Code

0639

Processing Method

PPP

Borrower Name

SPIKES MOTOR COMPANY, INC.

Borrower Address

805 E IH 2

Borrower City

MISSION

Borrower State

TX

Borrower Zip

78572-6027

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1386100.00

Current Approval Amount

1386100.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

71664

Servicing Lender Name

Vantage Bank Texas

Servicing Lender Address

45 NE Loop 410, Ste 190

Servicing Lender City

SAN ANTONIO

Servicing Lender State

TX

Servicing Lender Zip

78216-5870

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MISSION

Project County Name

HIDALGO

Project State

TX

Project Zip

78572-6027

CD

TX-28

Jobs Reported

120

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

20000.00

Payroll Proceed

1008000.00

Mortgage Interest Proceed

0.00

Rent Proceed

76000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

85000.00

Debt Interest Proceed

197100

Business Type

Subchapter S Corporation

Originating Lender Location Id

71664

Originating Lender

Vantage Bank Texas

Originating Lender City

SAN ANTONIO

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1396201.44

Forgiveness Date

01/08/2021

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