Sour Lake Motor Co INC

$608,700 PPP Loan in Sour Lake, Texas

Loan Details

Loan Number
5715857107
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$608,700
Current Approval
$608,700
Forgiveness Amount
$614,398
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sour Lake Motor Co INC
Address
170 Highway 105
State
Texas
ZIP Code
77659-7760
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Chrysler - Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
52
Estimated Revenue
$13.1M
Rural/Urban
Rural
Congressional District
TX-36

Loan Use Breakdown

Payroll
$608,700

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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