PPP Loan information for Colonial volkswagen inc

$667,000

Colonial volkswagen inc was initially approved for PPP Loan of amount $667,000, the current approved amount is $667,000. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 52 jobs and $667,000 was used to fund payroll.

Colonial volkswagen inc is Existing or more than 2 years old

PPP Loan Search / MA / Medford / Colonial volkswagen inc

COLONIAL VOLKSWAGEN INC

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

COLONIAL VOLKSWAGEN INC

Borrower Address

340 Mystic Avenue

Borrower City

Medford

Borrower State

MA

Borrower Zip

02155

Loan Status Date

10/13/2022

Loan Status

Paid in Full

Term

59

SBA Guaranty Percentage

100

Initial Approval Amount

667000.00

Current Approval Amount

667000.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

Medford

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02155-0001

CD

MA-05

Jobs Reported

52

NAICS Code

441110

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

9924.00

Payroll Proceed

549184.00

Mortgage Interest Proceed

35000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

72892.00

Debt Interest Proceed

0

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

682825.26

Forgiveness Date

09/08/2022

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