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Maggio Motors, INC

$113,284 PPP Loan in New Roads, Louisiana

Loan Details

Loan Number
9828307002
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$113,284
Current Approval
$113,284
Forgiveness Amount
$114,215
Forgiveness Date
Feb 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Maggio Motors, INC
Address
310 New Roads St
City
New Roads
State
Louisiana
ZIP Code
70760-3534
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
LA-05

Loan Use Breakdown

Payroll
$71,998
Rent
$16,000
Utilities
$3,867
Health Care
$15,069
Debt Interest
$6,349

Lender Information

Servicing Lender
Synergy Bank
Originating Lender
Synergy Bank

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