Mckinnon Motors LLC

$571,500 PPP Loan in Clanton, Alabama

Loan Details

Loan Number
1724787103
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$571,500
Current Approval
$571,500
Forgiveness Amount
$578,231
Forgiveness Date
Jun 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mckinnon Motors LLC
Address
235 Price Dr
State
Alabama
ZIP Code
35046-4338
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$11.8M
Rural/Urban
Rural
Congressional District
AL-06

Loan Use Breakdown

Payroll
$468,100
Rent
$73,400
Utilities
$13,500
Health Care
$16,500

Lender Information

Servicing Lender
River Bank & Trust
Originating Lender
River Bank & Trust

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