PPP Loan information for T.r. motors inc

$468,300

T.r. motors inc was initially approved for PPP Loan of amount $472,500, the current approved amount is $468,300. The loan was approved on 04/08/2020 by The Salem Five Cents Savings Bank reported 29 jobs and $468,300 was used to fund payroll.

T.r. motors inc is Existing or more than 2 years old

PPP Loan Search / MA / HANOVER / T.r. motors inc

T.R. MOTORS INC

Date Approved

04/08/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

T.R. MOTORS INC

Borrower Address

1 Saturn Drive

Borrower City

HANOVER

Borrower State

MA

Borrower Zip

02339-1604

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

472500.00

Current Approval Amount

468300.00

Undisbursed Amount

0.00

Franchise Name

Volkswagen Dealer Agreement

Servicing Lender Location Id

33304

Servicing Lender Name

Salem Five Cents Savings Bank

Servicing Lender Address

210 Essex St

Servicing Lender City

SALEM

Servicing Lender State

MA

Servicing Lender Zip

01970-3705

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HANOVER

Project County Name

PLYMOUTH

Project State

MA

Project Zip

02339-1604

CD

MA-09

Jobs Reported

29

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

468300.00

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

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

471968.35

Forgiveness Date

01/26/2021

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