2409 MOTORS LTD (TX) - 2020 PPP Loan Borrower Profile (# 6206357106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 2409 MOTORS LTD. 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 Texas.

Loan Detail

Loan Number

6206357106

SBA Office Code

0639

Processing Method

PPP

Curent Loan Amount

$53,398

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$53,897.86

Date Loan was Forgiven

Mar 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

13,349.5

Payroll Proced

40,048.5

Lender

First Source Federal Credit Union

Business Detail

Business Type

Limited Liability Partnership

NAICS

441110

Borrower Location

MCALLEN, TX

Project Location

MCALLEN, TX

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.