Hoover Motors, INC

$350,254 PPP Loan in Moncks Corner, South Carolina

Loan Details

Loan Number
5928927108
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$350,254
Current Approval
$350,254
Forgiveness Amount
$354,428
Forgiveness Date
Jun 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Hoover Motors, INC
Address
325 N Hwy 52
ZIP Code
29461-3919
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Dodge - Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$6.0M
Rural/Urban
Urban
Congressional District
SC-01

Loan Use Breakdown

Payroll
$350,254

Lender Information

Servicing Lender
Ally Bank
Originating Lender
Ally Bank

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