Armstrong Motors, INC
$863,543 PPP Loan in Gladstone, Oregon
Loan Details
- Loan Number
- 5676797207
- Date Approved
- Apr 27, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $863,543
- Current Approval
- $863,543
- Forgiveness Amount
- $872,202
- Forgiveness Date
- May 3, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Armstrong Motors, INC
- Address
- 20000 Mcloughlin Blvd
- City
- Gladstone
- State
- Oregon
- ZIP Code
- 97027
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Volkswagen Dealer Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 59
- Estimated Revenue
- $14.9M
- Rural/Urban
- Urban
- Congressional District
- OR-05
Loan Use Breakdown
- Payroll
- $690,767
- Rent
- $96,775
- Utilities
- $20,000
- Health Care
- $40,001
- Debt Interest
- $16,000
Lender Information
- Servicing Lender
- Lewis & Clark Bank
- Originating Lender
- Lewis & Clark Bank
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|---|---|---|
| Gladstone Auto LLC | $1,868,300 |  Research |
| Dejarnett Sales, Inc. | $1,117,000 | Research |
| Bartel Contracting INC | $905,640 | Research |
| Swickard Gladstone, LLC | $842,000 | Research |
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