Sterling Motors, Ltd
$1,670,000 PPP Loan in Newport Beach, California
Loan Details
- Loan Number
- 5519977100
- Date Approved
- Apr 13, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,670,000
- Current Approval
- $1,670,000
- Forgiveness Amount
- $1,690,643
- Forgiveness Date
- Jul 19, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Sterling Motors, Ltd
- Address
- 300 W. Coast Hwy
- City
- Newport Beach
- State
- California
- ZIP Code
- 92663-5639
- Business Type
- Partnership
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Bmw of North America, LLC - Center Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 125
- Estimated Revenue
- $31.5M
- Rural/Urban
- Urban
- Congressional District
- CA-47
Loan Use Breakdown
- Payroll
- $1,336,056
- Mortgage Interest
- $333,944
Lender Information
- Servicing Lender
- Comerica Bank
- Originating Lender
- Comerica Bank
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