PPP Loan information for Colonial motors inc

$1,430,000

Colonial motors inc was initially approved for PPP Loan of amount $1,430,000, the current approved amount is $1,430,000. The loan was approved on 04/06/2020 by The Newtown Savings Bank reported 126 jobs and $1,430,000 was used to fund payroll.

Colonial motors inc is Existing or more than 2 years old

PPP Loan Search / CT / MILFORD / Colonial motors inc

COLONIAL MOTORS INC

Date Approved

04/06/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

COLONIAL MOTORS INC

Borrower Address

470 Boston Post Rd

Borrower City

MILFORD

Borrower State

CT

Borrower Zip

06460-2529

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1430000.00

Current Approval Amount

1430000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16403

Servicing Lender Name

Newtown Savings Bank

Servicing Lender Address

39 Main St

Servicing Lender City

NEWTOWN

Servicing Lender State

CT

Servicing Lender Zip

06470-2134

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MILFORD

Project County Name

NEW HAVEN

Project State

CT

Project Zip

06460-2529

CD

CT-03

Jobs Reported

126

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1430000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

16403

Originating Lender

Newtown Savings Bank

Originating Lender City

NEWTOWN

Originating Lender State

CT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1438421.11

Forgiveness Date

11/17/2020

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