PPP Loan information for Sterling motors, ltd

$1,670,000

Sterling motors, ltd was initially approved for PPP Loan of amount $1,670,000, the current approved amount is $1,670,000. The loan was approved on 04/13/2020 by The Comerica Bank reported 125 jobs and $1,670,000 was used to fund payroll.

Sterling motors, ltd is Existing or more than 2 years old

PPP Loan Search / CA / NEWPORT BEACH / Sterling motors, ltd

STERLING MOTORS, LTD

Date Approved

04/13/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

STERLING MOTORS, LTD

Borrower Address

300 W. COAST HWY

Borrower City

NEWPORT BEACH

Borrower State

CA

Borrower Zip

92663-5639

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1670000.00

Current Approval Amount

1670000.00

Undisbursed Amount

0.00

Franchise Name

BMW of North America, LLC - Center Agreement

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT BEACH

Project County Name

ORANGE

Project State

CA

Project Zip

92663-5639

CD

CA-47

Jobs Reported

125

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1336056.00

Mortgage Interest Proceed

333944.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Partnership

Originating Lender Location Id

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1690643.06

Forgiveness Date

07/19/2021

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