PPP Loan information for Morristown motors inc.

$1,700,000

Morristown motors inc. was initially approved for PPP Loan of amount $1,700,000, the current approved amount is $1,700,000. The loan was approved on 02/20/2021 by The Loan Source Incorporated reported 158 jobs and $1,700,000 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

02/20/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

MORRISTOWN MOTORS INC.

Borrower Address

169 Ridgedale Ave

Borrower City

Morristown

Borrower State

NJ

Borrower Zip

07960-4069

Loan Status Date

07/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1700000.00

Current Approval Amount

1700000.00

Undisbursed Amount

0.00

Franchise Name

Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

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

158

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1699996.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1721797.26

Forgiveness Date

06/09/2022

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