PPP Loan information for Formula nissan inc

$197,617

Formula nissan inc was initially approved for PPP Loan of amount $197,617, the current approved amount is $197,617. The loan was approved on 04/07/2020 by The Northfield Savings Bank reported 16 jobs and $197,617 was used to fund payroll.

Formula nissan inc is Existing or more than 2 years old

PPP Loan Search / VT / BARRE / Formula nissan inc

FORMULA NISSAN INC

Date Approved

04/07/2020

SBA Office Code

0150

Processing Method

PPP

Borrower Name

FORMULA NISSAN INC

Borrower Address

1504 US RT 302

Borrower City

BARRE

Borrower State

VT

Borrower Zip

05641

Loan Status Date

02/05/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

197617.00

Current Approval Amount

197617.00

Undisbursed Amount

0.00

Franchise Name

Nissan North America, Inc. - Dealer Sales and Service Agreement

Servicing Lender Location Id

73004

Servicing Lender Name

Northfield Savings Bank

Servicing Lender Address

33 S Main St

Servicing Lender City

NORTHFIELD

Servicing Lender State

VT

Servicing Lender Zip

05663-6703

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BARRE

Project County Name

WASHINGTON

Project State

VT

Project Zip

05641-0001

CD

VT-

Jobs Reported

16

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

197617.00

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

Subchapter S Corporation

Originating Lender Location Id

73004

Originating Lender

Northfield Savings Bank

Originating Lender City

NORTHFIELD

Originating Lender State

VT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

198923.47

Forgiveness Date

12/09/2020

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