Bits Automotive LLC

$149,500 PPP Loan in Magnolia, Texas

Loan Details

Loan Number
5198187010
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$149,500
Current Approval
$149,500
Forgiveness Amount
$150,463
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Bits Automotive LLC
Address
6872 Fm 1488
State
Texas
ZIP Code
77354-4375
Business Type
Joint Venture
Industry (NAICS)
Other Services (except Public Administration) (811111)
Franchise
Christian Brothers Automotive
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
TX-08

Loan Use Breakdown

Payroll
$149,500

Lender Information

Servicing Lender
Third Coast Bank
Originating Lender
Third Coast Bank

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