Harbin Motor Company INC

$707,300 PPP Loan in Scottsboro, Alabama

Loan Details

Loan Number
1587597108
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$707,300
Current Approval
$707,300
Forgiveness Amount
$713,273
Forgiveness Date
Feb 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Harbin Motor Company INC
Address
564 Micah Way
State
Alabama
ZIP Code
35769-4135
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
59
Estimated Revenue
$14.9M
Rural/Urban
Rural
Congressional District
AL-05

Loan Use Breakdown

Payroll
$530,475
Rent
$100,000
Utilities
$76,825

Lender Information

Servicing Lender
Peoples Independent Bank
Originating Lender
Peoples Independent Bank

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