PPP Loan information for Younger motorcars inc

$1,540,012

Younger motorcars inc was initially approved for PPP Loan of amount $1,540,012, the current approved amount is $1,540,012. The loan was approved on 03/12/2021 by The Truist Bank reported 205 jobs and $1,540,012 was used to fund payroll.

Younger motorcars inc is Existing or more than 2 years old

PPP Loan Search / MD / Hagerstown / Younger motorcars inc

YOUNGER MOTORCARS INC

Date Approved

03/12/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

YOUNGER MOTORCARS INC

Borrower Address

1945 Dual Hwy

Borrower City

Hagerstown

Borrower State

MD

Borrower Zip

21740-6603

Loan Status Date

12/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1540012.00

Current Approval Amount

1540012.00

Undisbursed Amount

0.00

Franchise Name

Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Hagerstown

Project County Name

WASHINGTON

Project State

MD

Project Zip

21740-6603

CD

MD-06

Jobs Reported

205

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1540010.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1550792.08

Forgiveness Date

11/24/2021

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