ARMSTRONG MOTORS, INC (OR) - 2020 PPP Loan Borrower Profile (# 5676797207)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARMSTRONG MOTORS, INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Oregon.

Loan Detail

Loan Number

5676797207

SBA Office Code

1086

Processing Method

PPP

Curent Loan Amount

$863,542.5

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$872,201.58

Date Loan was Forgiven

May 3, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

20,000

Payroll Proced

690,767

Rent Proceed

96,775

Health Care Proceed

40,000.5

Debt Interest Proceed

16,000

Lender

Lewis & Clark Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

441110

Borrower Location

GLADSTONE, OR

Project Location

GLADSTONE, OR

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.