Dependable Motors INC

$86,542 PPP Loan in Lenior City, Tennessee

Loan Details

Loan Number
3800297100
Date Approved
Apr 12, 2020
Loan Status
Paid in Full
Initial Approval
$86,542
Current Approval
$86,542
Forgiveness Amount
$87,655
Forgiveness Date
Aug 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Dependable Motors INC
Address
803 E Broadway
ZIP Code
37771-3014
Business Type
Corporation
Industry (NAICS)
Retail Trade (441120)
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
TN-02

Loan Use Breakdown

Payroll
$71,152
Rent
$12,000
Utilities
$3,390

Lender Information

Servicing Lender
Old National Bank
Originating Lender
Capstar Bank, a Division of Old National Bank

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