PPP Loan information for Empire ford of new bedford inc

$620,900

Empire ford of new bedford inc was initially approved for PPP Loan of amount $620,900, the current approved amount is $620,900. The loan was approved on 04/04/2020 by The Mechanics Cooperative Bank reported 54 jobs and $620,900 was used to fund payroll.

Empire ford of new bedford inc is Existing or more than 2 years old

PPP Loan Search / MA / NEW BEDFORD / Empire ford of new bedford inc

EMPIRE FORD OF NEW BEDFORD INC

Date Approved

04/04/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

EMPIRE FORD OF NEW BEDFORD INC

Borrower Address

395 MOUNT PLEASANT ST

Borrower City

NEW BEDFORD

Borrower State

MA

Borrower Zip

02746-1500

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

620900.00

Current Approval Amount

620900.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

89240

Servicing Lender Name

Mechanics Cooperative Bank

Servicing Lender Address

308 Bay St

Servicing Lender City

TAUNTON

Servicing Lender State

MA

Servicing Lender Zip

02780-1834

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEW BEDFORD

Project County Name

BRISTOL

Project State

MA

Project Zip

02746-1500

CD

MA-09

Jobs Reported

54

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

534800.00

Mortgage Interest Proceed

0.00

Rent Proceed

28200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

57900.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

89240

Originating Lender

Mechanics Cooperative Bank

Originating Lender City

TAUNTON

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

625608.49

Forgiveness Date

01/12/2021

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