PPP Loan information for Stanford motors, inc

$148,000

Stanford motors, inc was initially approved for PPP Loan of amount $148,000, the current approved amount is $148,000. The loan was approved on 04/06/2020 by The The Bank of Vernon reported 15 jobs and $148,000 was used to fund payroll.

Stanford motors, inc is Existing or more than 2 years old

PPP Loan Search / AL / VERNON / Stanford motors, inc

STANFORD MOTORS, INC

Date Approved

04/06/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

STANFORD MOTORS, INC

Borrower Address

9631 HIGHWAY 18

Borrower City

VERNON

Borrower State

AL

Borrower Zip

35592-5259

Loan Status Date

07/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

148000.00

Current Approval Amount

148000.00

Undisbursed Amount

0.00

Franchise Name

Chrysler - Sales and Service Agreement

Servicing Lender Location Id

3334

Servicing Lender Name

The Bank of Vernon

Servicing Lender Address

44825 Hwy 17

Servicing Lender City

VERNON

Servicing Lender State

AL

Servicing Lender Zip

35592-5647

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

VERNON

Project County Name

LAMAR

Project State

AL

Project Zip

35592-5259

CD

AL-04

Jobs Reported

15

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

148000.00

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

3334

Originating Lender

The Bank of Vernon

Originating Lender City

VERNON

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

148999.00

Forgiveness Date

12/09/2020

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