PPP Loan information for Danvers motor corporation, inc

$596,435

Danvers motor corporation, inc was initially approved for PPP Loan of amount $596,435, the current approved amount is $596,435. The loan was approved on 04/08/2020 by The Manufacturers and Traders Trust Company reported 46 jobs and $596,435 was used to fund payroll.

Danvers motor corporation, inc is Existing or more than 2 years old

PPP Loan Search / MA / DANVERS / Danvers motor corporation, inc

DANVERS MOTOR CORPORATION, INC

Date Approved

04/08/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

DANVERS MOTOR CORPORATION, INC

Borrower Address

106 Sylvan St

Borrower City

DANVERS

Borrower State

MA

Borrower Zip

01923-3622

Loan Status Date

06/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

596435.00

Current Approval Amount

596435.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DANVERS

Project County Name

ESSEX

Project State

MA

Project Zip

01923-3622

CD

MA-06

Jobs Reported

46

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

596435.00

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

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

602726.16

Forgiveness Date

05/13/2021

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