PPP Loan information for Somer motors inc

$457,937

Somer motors inc was initially approved for PPP Loan of amount $457,937, the current approved amount is $457,937. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 49 jobs and $457,937 was used to fund payroll.

Somer motors inc is Existing or more than 2 years old

PPP Loan Search / MA / Somerset / Somer motors inc

SOMER MOTORS INC

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

SOMER MOTORS INC

Borrower Address

1451 Brayton Point Road

Borrower City

Somerset

Borrower State

MA

Borrower Zip

02725

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

457937.00

Current Approval Amount

457937.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Somerset

Project County Name

BRISTOL

Project State

MA

Project Zip

02725-1000

CD

MA-04

Jobs Reported

49

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

20153.00

Payroll Proceed

376898.00

Mortgage Interest Proceed

0.00

Rent Proceed

45000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

11986.00

Debt Interest Proceed

3900

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

464097.19

Forgiveness Date

09/09/2021

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