Kermit Motor Company

$112,300 PPP Loan in Kermit, Texas

Loan Details

Loan Number
4726727006
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$112,300
Current Approval
$112,300
Forgiveness Amount
$113,136
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Kermit Motor Company
Address
201 S. Poplar St
City
Kermit
State
Texas
ZIP Code
79745-4313
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
TX-23

Loan Use Breakdown

Payroll
$89,840
Utilities
$11,230
Debt Interest
$11,230

Lender Information

Servicing Lender
City Bank
Originating Lender
City Bank

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