PPP Loan information for Family motors inc

$203,100

Family motors inc was initially approved for PPP Loan of amount $203,100, the current approved amount is $203,100. The loan was approved on 04/10/2021 by The Ion Bank reported 14 jobs and $203,100 was used to fund payroll.

Family motors inc is Existing or more than 2 years old

PPP Loan Search / CT / Groton / Family motors inc

FAMILY MOTORS INC

Date Approved

04/10/2021

SBA Office Code

0156

Processing Method

PPS

Borrower Name

FAMILY MOTORS INC

Borrower Address

421 Route 12

Borrower City

Groton

Borrower State

CT

Borrower Zip

06340-2948

Loan Status Date

09/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

203099.92

Current Approval Amount

203099.92

Undisbursed Amount

0.00

Franchise Name

Kia Dealer Sales and Service Agreement

Servicing Lender Location Id

16333

Servicing Lender Name

Ion Bank

Servicing Lender Address

87 Church St

Servicing Lender City

NAUGATUCK

Servicing Lender State

CT

Servicing Lender Zip

06770-4111

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Groton

Project County Name

NEW LONDON

Project State

CT

Project Zip

06340-2948

CD

CT-02

Jobs Reported

14

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

203099.92

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

16333

Originating Lender

Ion Bank

Originating Lender City

NAUGATUCK

Originating Lender State

CT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

205631.71

Forgiveness Date

08/09/2022

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