Powell Watson Motors Inc.
$1,562,600 PPP Loan in Laredo, Texas
Loan Details
- Loan Number
- 8002907004
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,562,600
- Current Approval
- $1,562,600
- Forgiveness Amount
- $1,583,492
- Forgiveness Date
- Aug 17, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Powell Watson Motors Inc.
- Address
- 6324 Bob Bullock Loop
- City
- Laredo
- State
- Texas
- ZIP Code
- 78041-2025
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 162
- Estimated Revenue
- $40.8M
- Rural/Urban
- Urban
- Congressional District
- TX-28
Loan Use Breakdown
- Payroll
- $1,195,000
- Rent
- $278,600
- Utilities
- $33,000
- Health Care
- $56,000
Lender Information
- Servicing Lender
- Texas Community Bank
- Originating Lender
- Texas Community Bank
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