PPP Loan information for Essex motors inc

$196,085

Essex motors inc was initially approved for PPP Loan of amount $196,085, the current approved amount is $196,085. The loan was approved on 04/13/2020 by The Loan Source Incorporated reported 24 jobs and $196,085 was used to fund payroll.

Essex motors inc is Existing or more than 2 years old

PPP Loan Search / NJ / RAHWAY / Essex motors inc

ESSEX MOTORS INC

Date Approved

04/13/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

ESSEX MOTORS INC

Borrower Address

931-965 St. Georges Ave

Borrower City

RAHWAY

Borrower State

NJ

Borrower Zip

07065

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

196084.75

Current Approval Amount

196084.75

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RAHWAY

Project County Name

UNION

Project State

NJ

Project Zip

07065-0001

CD

NJ-07

Jobs Reported

24

NAICS Code

441120

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

196084.75

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

79203

Originating Lender

OceanFirst Bank, National Association

Originating Lender City

TOMS RIVER

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

198341.07

Forgiveness Date

06/15/2021

;