LP Automotive, Inc.

$951,000 PPP Loan in Lexington Park, Maryland

Loan Details

Loan Number
2466787104
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$951,000
Current Approval
$951,000
Forgiveness Amount
$961,318
Forgiveness Date
May 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
LP Automotive, Inc.
Address
22500 Three Notch Road
ZIP Code
20653
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Toyota Motors Sales, U.s.a., Inc. - Dealer Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
88
Estimated Revenue
$22.2M
Rural/Urban
Rural
Congressional District
MD-05

Loan Use Breakdown

Payroll
$951,000

Lender Information

Servicing Lender
Live Oak Banking Company
Originating Lender
Live Oak Banking Company

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