PPP Loan information for Metro motors, inc

$1,444,300

Metro motors, inc was initially approved for PPP Loan of amount $977,100, the current approved amount is $1,444,300. The loan was approved on 04/03/2020 by The Mechanics Cooperative Bank reported 85 jobs and $1,444,300 was used to fund payroll.

Metro motors, inc is Existing or more than 2 years old

PPP Loan Search / RI / JOHNSTON / Metro motors, inc

METRO MOTORS, INC

Date Approved

04/03/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

METRO MOTORS, INC

Borrower Address

1880 HARTFORD AVE

Borrower City

JOHNSTON

Borrower State

RI

Borrower Zip

02919-3243

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

977100.00

Current Approval Amount

1444300.00

Undisbursed Amount

0.00

Franchise Name

Honda Automobile Division - 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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

JOHNSTON

Project County Name

PROVIDENCE

Project State

RI

Project Zip

02919-3243

CD

RI-02

Jobs Reported

85

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

30000.00

Payroll Proceed

1309300.00

Mortgage Interest Proceed

0.00

Rent Proceed

105000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

89240

Originating Lender

Mechanics Cooperative Bank

Originating Lender City

TAUNTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1457419.06

Forgiveness Date

03/05/2021

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