Kevin Powell's Forsyth Motosports INC

$174,273 PPP Loan in Winston Salem, North Carolina

Loan Details

Loan Number
7839418406
Date Approved
Feb 12, 2021
Loan Status
Paid in Full
Initial Approval
$174,273
Current Approval
$174,273
Forgiveness Amount
$175,490
Forgiveness Date
Oct 26, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Kevin Powell's Forsyth Motosports INC
Address
2780 Armstrong Dr
ZIP Code
27103-6802
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423110)
Business Age
Existing or more than 2 years old
Jobs Reported
17
Estimated Revenue
$5.2M
Rural/Urban
Urban
Congressional District
NC-05

Loan Use Breakdown

Payroll
$174,269
Utilities
$1

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Blue Ridge Bank, National Association

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