Quality Automotive Services, Inc.

$998,690 PPP Loan in Charlotte, North Carolina

Loan Details

Loan Number
8573407000
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$998,690
Current Approval
$998,690
Forgiveness Amount
$1,008,122
Forgiveness Date
Mar 31, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Quality Automotive Services, Inc.
Address
8000 Tower Point Dr
ZIP Code
28227-7726
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (811191)
Franchise
Valvoline Instant Oil Change
Business Age
Existing or more than 2 years old
Jobs Reported
185
Estimated Revenue
$36.3M
Rural/Urban
Urban
Congressional District
NC-14

Loan Use Breakdown

Payroll
$800,190
Rent
$73,000
Utilities
$25,000
Health Care
$500
Mortgage Interest
$100,000

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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