Frank Motors INC

$4,248,500 PPP Loan in National City, California

Loan Details

Loan Number
3125477101
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$4,248,500
Current Approval
$4,248,500
Forgiveness Amount
$4,310,457
Forgiveness Date
Sep 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Frank Motors INC
Address
2590 National City Blvd
ZIP Code
91950-6630
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
376
Estimated Revenue
$94.8M
Rural/Urban
Urban
Congressional District
CA-52

Loan Use Breakdown

Payroll
$3,930,900
Rent
$224,600
Utilities
$62,000
Debt Interest
$31,000

Lender Information

Servicing Lender
Western Alliance Bank
Originating Lender
Western Alliance Bank

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