PPP Loan information for Car-tech auction

$120,015

Car-tech auction was initially approved for PPP Loan of amount $120,015, the current approved amount is $120,015. The loan was approved on 01/28/2021 by The Thread Bank reported 8 jobs and $120,015 was used to fund payroll.

Car-tech auction is Existing or more than 2 years old

CAR-TECH AUCTION

Date Approved

01/28/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

CAR-TECH AUCTION

Borrower Address

528 Morristown Rd

Borrower City

Matawan

Borrower State

NJ

Borrower Zip

07747-3580

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

120015.00

Current Approval Amount

120015.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68859

Servicing Lender Name

Thread Bank

Servicing Lender Address

210 E Main St

Servicing Lender City

ROGERSVILLE

Servicing Lender State

TN

Servicing Lender Zip

37857-3312

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Matawan

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

07747-3580

CD

NJ-06

Jobs Reported

8

NAICS Code

423110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

120014.00

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

60009

Originating Lender

First Commonwealth Bank

Originating Lender City

INDIANA

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

121573.55

Forgiveness Date

05/23/2022

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