L & S Motors of Beckley INC

$691,551 PPP Loan in Beckley, West Virginia

Loan Details

Loan Number
3060667108
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$691,551
Current Approval
$691,551
Forgiveness Amount
$696,031
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
L & S Motors of Beckley INC
Address
248 Auto Plaza Dt
ZIP Code
25801
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
52
Estimated Revenue
$13.1M
Rural/Urban
Rural
Congressional District
WV-01

Loan Use Breakdown

Payroll
$518,663
Utilities
$23,544
Health Care
$83,145
Debt Interest
$66,199

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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