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Southtowne Motors of Newnan II INC

$649,500 PPP Loan in Newnan, Georgia

Loan Details

Loan Number
9883507006
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$649,500
Current Approval
$649,500
Forgiveness Amount
$655,039
Forgiveness Date
Feb 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Southtowne Motors of Newnan II INC
Address
695 Highway 34 E
City
Newnan
State
Georgia
ZIP Code
30265
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
64
Estimated Revenue
$16.1M
Rural/Urban
Rural
Congressional District
GA-03

Loan Use Breakdown

Payroll
$649,500

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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