PPP Loan information for Family motors, inc.

$203,099

Family motors, inc. was initially approved for PPP Loan of amount $203,099, the current approved amount is $203,099. The loan was approved on 04/11/2020 by The Chelsea Groton Bank reported 21 jobs and $203,099 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

04/11/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

FAMILY MOTORS, INC.

Borrower Address

421 ROUTE 12

Borrower City

GROTON

Borrower State

CT

Borrower Zip

06340-2948

Loan Status Date

02/10/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

203099.00

Current Approval Amount

203099.00

Undisbursed Amount

0.00

Franchise Name

Kia Dealer Sales and Service Agreement

Servicing Lender Location Id

16318

Servicing Lender Name

Chelsea Groton Bank

Servicing Lender Address

1 Franklin Sq

Servicing Lender City

NORWICH

Servicing Lender State

CT

Servicing Lender Zip

06360-5825

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

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

21

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

20309.53

Payroll Proceed

162479.94

Mortgage Interest Proceed

0.00

Rent Proceed

20309.53

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

16318

Originating Lender

Chelsea Groton Bank

Originating Lender City

NORWICH

Originating Lender State

CT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

205658.60

Forgiveness Date

07/21/2021

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