Mid-State Motors, Inc.
$525,413 PPP Loan in Asheboro, North Carolina
Loan Details
- Loan Number
- 2121217102
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $525,413
- Current Approval
- $525,413
- Forgiveness Amount
- $531,995
- Forgiveness Date
- Jul 22, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Mid-State Motors, Inc.
- Address
- 1636 Hwy 64 E
- City
- Asheboro
- State
- North Carolina
- ZIP Code
- 27205-2255
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Southeast Toyota Distributors, LLC - Toyota Dealer Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 48
- Estimated Revenue
- $12.1M
- Rural/Urban
- Rural
- Congressional District
- NC-09
Loan Use Breakdown
- Payroll
- $472,580
- Rent
- $29,426
- Utilities
- $12,063
- Health Care
- $11,344
Lender Information
- Servicing Lender
- First Horizon Bank
- Originating Lender
- First Horizon Bank
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|---|---|---|
| Pugh Lubricants LLC | $4,101,600 |  Research |
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| J. P. Thomas & Co., Incorporated | $1,956,834 | Research |
| Mas US Holdings INC | $1,950,000 | Research |
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