Nortex Motorsports, Inc.

$409,900 PPP Loan in Denton, Texas

Loan Details

Loan Number
5876987003
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$409,900
Current Approval
$409,900
Forgiveness Amount
$413,797
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Nortex Motorsports, Inc.
Address
521 Acme St
City
Denton
State
Texas
ZIP Code
76205-5801
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441120)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$8.8M
Rural/Urban
Urban
Congressional District
TX-13

Loan Use Breakdown

Payroll
$307,425
Rent
$102,475

Lender Information

Servicing Lender
First United Bank and Trust Company
Originating Lender
First United Bank and Trust Company

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