Magic City Motor Corporation
$1,614,300 PPP Loan in Roanoke, Virginia
Loan Details
- Loan Number
- 6494627010
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,614,300
- Current Approval
- $1,614,300
- Forgiveness Amount
- $1,625,152
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magic City Motor Corporation
- Address
- 809 Williamson Road NE
- City
- Roanoke
- State
- Virginia
- ZIP Code
- 24016-1525
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Ford Motor Company Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 159
- Estimated Revenue
- $40.1M
- Rural/Urban
- Urban
- Congressional District
- VA-06
Loan Use Breakdown
- Payroll
- $1,372,155
- Rent
- $161,430
- Utilities
- $80,715
Lender Information
- Servicing Lender
- Atlantic Union Bank
- Originating Lender
- Atlantic Union Bank
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