PPP Loan information for Morristown motors, inc.

$2,028,900

Morristown motors, inc. was initially approved for PPP Loan of amount $2,028,900, the current approved amount is $2,028,900. The loan was approved on 04/10/2020 by The Peapack-Gladstone Bank reported 150 jobs and $2,028,900 was used to fund payroll.

Morristown motors, inc. is Existing or more than 2 years old

PPP Loan Search / NJ / MORRISTOWN / Morristown motors, inc.

MORRISTOWN MOTORS, INC.

Date Approved

04/10/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MORRISTOWN MOTORS, INC.

Borrower Address

169 RIDGEDALE AVE

Borrower City

MORRISTOWN

Borrower State

NJ

Borrower Zip

07960-4069

Loan Status Date

08/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2028900.00

Current Approval Amount

2028900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

43251

Servicing Lender Name

Peapack-Gladstone Bank

Servicing Lender Address

500 Hills Dr, Ste 300

Servicing Lender City

BEDMINSTER

Servicing Lender State

NJ

Servicing Lender Zip

07921-1538

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MORRISTOWN

Project County Name

MORRIS

Project State

NJ

Project Zip

07960-4069

CD

NJ-11

Jobs Reported

150

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2028900.00

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

Corporation

Originating Lender Location Id

43251

Originating Lender

Peapack-Gladstone Bank

Originating Lender City

BEDMINSTER

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2054247.35

Forgiveness Date

07/21/2021

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