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Soechting Motors, Inc.

$191,100 PPP Loan in Seguin, Texas

Loan Details

Loan Number
7256677002
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$191,100
Current Approval
$191,100
Forgiveness Amount
$193,278
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Soechting Motors, Inc.
Address
603 E. Kingsbury St
City
Seguin
State
Texas
ZIP Code
78155-2700
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$6.0M
Rural/Urban
Urban
Congressional District
TX-15

Loan Use Breakdown

Payroll
$162,245
Rent
$21,250
Utilities
$7,605

Lender Information

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

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