PPP Loan information for Delaware motor sales, inc

$2,216,867

Delaware motor sales, inc was initially approved for PPP Loan of amount $2,630,960, the current approved amount is $2,216,867. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 142 jobs and $2,216,867 was used to fund payroll.

Delaware motor sales, inc is Existing or more than 2 years old

PPP Loan Search / DE / Wilmington / Delaware motor sales, inc

DELAWARE MOTOR SALES, INC

Date Approved

04/15/2020

SBA Office Code

0341

Processing Method

PPP

Borrower Name

DELAWARE MOTOR SALES, INC

Borrower Address

1606 Pennsylvania Avenue

Borrower City

Wilmington

Borrower State

DE

Borrower Zip

19806

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2630960.00

Current Approval Amount

2216867.00

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Wilmington

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19806-1000

CD

DE-

Jobs Reported

142

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1773493.60

Mortgage Interest Proceed

0.00

Rent Proceed

221686.70

Refinance EIDL Proceed

0.00

Health Care Proceed

221686.70

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2241586.59

Forgiveness Date

06/11/2021

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