PPP Loan information for Place motor inc.

$477,400

Place motor inc. was initially approved for PPP Loan of amount $477,400, the current approved amount is $477,400. The loan was approved on 04/10/2020 by The Webster Five Cents Savings Bank reported 27 jobs and $477,400 was used to fund payroll.

Place motor inc. is Existing or more than 2 years old

PPP Loan Search / MA / WEBSTER / Place motor inc.

PLACE MOTOR INC.

Date Approved

04/10/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

PLACE MOTOR INC.

Borrower Address

19 THOMPSON RD

Borrower City

WEBSTER

Borrower State

MA

Borrower Zip

01570-1407

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

477400.00

Current Approval Amount

477400.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

33428

Servicing Lender Name

Webster Five Cents Savings Bank

Servicing Lender Address

136 Thompson Rd

Servicing Lender City

WEBSTER

Servicing Lender State

MA

Servicing Lender Zip

01570-1416

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WEBSTER

Project County Name

WORCESTER

Project State

MA

Project Zip

01570-1407

CD

MA-02

Jobs Reported

27

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

477400.00

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

33428

Originating Lender

Webster Five Cents Savings Bank

Originating Lender City

WEBSTER

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

481205.94

Forgiveness Date

02/02/2021

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