James Wood Motors, Inc.
$2,384,400 PPP Loan in Decatur, Texas
Loan Details
- Loan Number
- 2838937103
- Date Approved
- Apr 11, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,384,400
- Current Approval
- $2,384,400
- Forgiveness Amount
- $2,411,576
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- James Wood Motors, Inc.
- Address
- 2111 S US Hwy 287
- City
- Decatur
- State
- Texas
- ZIP Code
- 76234-2722
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 184
- Estimated Revenue
- $46.4M
- Rural/Urban
- Rural
- Congressional District
- TX-13
Loan Use Breakdown
- Payroll
- $1,735,500
- Rent
- $400,000
- Utilities
- $40,000
- Health Care
- $108,900
- Debt Interest
- $100,000
Lender Information
- Servicing Lender
- First State Bank
- Originating Lender
- First State Bank
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