Payne Dealer Group Management Co., Inc.

$682,728 PPP Loan in Weslaco, Texas

Loan Details

Loan Number
9190497002
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$682,728
Current Approval
$682,728
Forgiveness Amount
$690,105
Forgiveness Date
May 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Payne Dealer Group Management Co., Inc.
Address
2401 E. Expressway 83
State
Texas
ZIP Code
78599
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
70
Estimated Revenue
$17.6M
Rural/Urban
Urban
Congressional District
TX-34

Loan Use Breakdown

Payroll
$512,046
Utilities
$85,341
Mortgage Interest
$85,341

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
First Source Federal Credit Union

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