5DOWN AUTO SALES, INC. (GA) - 2020 PPP Loan Borrower Profile (# 6593187004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 5DOWN AUTO SALES, 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 Georgia.

Loan Detail

Loan Number

6593187004

SBA Office Code

0405

Processing Method

PPP

Curent Loan Amount

$58,300

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$58,685.43

Date Loan was Forgiven

Dec 14, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

600

Payroll Proced

55,000

Mortgage Interest Proceed

100

Rent Proceed

2,600

Lender

First Horizon Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

441120

Borrower Location

ALBANY, GA

Project Location

ALBANY, GA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.