Date Approved
04/11/2020
SBA Office Code
0156
Processing Method
PPP
Borrower Name
FAMILY MOTORS, INC.
Borrower Address
421 ROUTE 12
Borrower City
GROTON
Borrower State
CT
Borrower Zip
06340-2948
Loan Status Date
02/10/2022
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
203099.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Kia Dealer Sales and Service Agreement
Servicing Lender Location Id
16318
Servicing Lender Name
Chelsea Groton Bank
Servicing Lender Address
1 Franklin Sq
Servicing Lender City
NORWICH
Servicing Lender State
Servicing Lender Zip
06360-5825
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
NEW LONDON
Project State
Project Zip
CD
CT-02
Jobs Reported
21
NAICS Code
441110
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
20309.53
Payroll Proceed
162479.94
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
205658.60
Forgiveness Date
07/21/2021