PPP Loan information for Tower motor company

$368,400

Tower motor company was initially approved for PPP Loan of amount $368,400, the current approved amount is $368,400. The loan was approved on 04/14/2020 by The Customers Bank reported 41 jobs and $368,400 was used to fund payroll.

Tower motor company is Existing or more than 2 years old

PPP Loan Search / OR / Coos Bay / Tower motor company

TOWER MOTOR COMPANY

Date Approved

04/14/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

TOWER MOTOR COMPANY

Borrower Address

505 South Broadway

Borrower City

Coos Bay

Borrower State

OR

Borrower Zip

97420

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

368400.00

Current Approval Amount

368400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Coos Bay

Project County Name

COOS

Project State

OR

Project Zip

97420-0001

CD

OR-04

Jobs Reported

41

NAICS Code

453998

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

368400.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

370438.82

Forgiveness Date

11/20/2020

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