Sowell Automotive, Inc.

$550,000 PPP Loan in La Quinta, California

Loan Details

Loan Number
5466187007
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$550,000
Current Approval
$550,000
Forgiveness Amount
$553,722
Forgiveness Date
Dec 21, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Sowell Automotive, Inc.
Address
79025 Highway 111
ZIP Code
92253-2059
Business Type
Corporation
Industry (NAICS)
Administrative and Support and Waste Management (561990)
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
$9.1M
Rural/Urban
Urban
Congressional District
CA-41

Loan Use Breakdown

Payroll
$412,500
Utilities
$137,500

Lender Information

Servicing Lender
California Bank of Commerce, NA
Originating Lender
California Bank of Commerce, NA

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