Automotive Database Systems, INC

$62,500 PPP Loan in South Padre Island, Texas

Loan Details

Loan Number
8523927005
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$62,500
Current Approval
$62,500
Forgiveness Amount
$62,851
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Automotive Database Systems, INC
Address
33256 State Park Road 100, Ste 104
State
Texas
ZIP Code
78597
Business Type
Subchapter S Corporation
Industry (NAICS)
Arts, Entertainment, and Recreation (713990)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
TX-34

Loan Use Breakdown

Payroll
$50,000
Rent
$2,500
Utilities
$2,500
Health Care
$2,500
Mortgage Interest
$2,500
Debt Interest
$2,500

Lender Information

Servicing Lender
First National Bank of South Padre Island
Originating Lender
First National Bank of South Padre Island

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