PPP Loan information for Framingham auto mall, inc.

$672,961

Framingham auto mall, inc. was initially approved for PPP Loan of amount $672,961, the current approved amount is $672,961. The loan was approved on 04/16/2020 by The MutualOne Bank reported 32 jobs and $672,961 was used to fund payroll.

Framingham auto mall, inc. is Existing or more than 2 years old

PPP Loan Search / MA / FRAMINGHAM / Framingham auto mall, inc.

FRAMINGHAM AUTO MALL, INC.

Date Approved

04/16/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

FRAMINGHAM AUTO MALL, INC.

Borrower Address

154 WAVERLEY ST

Borrower City

FRAMINGHAM

Borrower State

MA

Borrower Zip

01702-7133

Loan Status Date

07/17/2020

Loan Status

Charged Off

Term

6

SBA Guaranty Percentage

100

Initial Approval Amount

672961.00

Current Approval Amount

672961.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

84345

Servicing Lender Name

MutualOne Bank

Servicing Lender Address

828 Concord St

Servicing Lender City

FRAMINGHAM

Servicing Lender State

MA

Servicing Lender Zip

01701-4695

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FRAMINGHAM

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01702-7133

CD

MA-05

Jobs Reported

32

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

18000.00

Payroll Proceed

562961.00

Mortgage Interest Proceed

0.00

Rent Proceed

72000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

84345

Originating Lender

MutualOne Bank

Originating Lender City

FRAMINGHAM

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

394111.85

Forgiveness Date

06/10/2021

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