PPP Loan information for Formula ford inc

$503,647

Formula ford inc was initially approved for PPP Loan of amount $503,647, the current approved amount is $503,647. The loan was approved on 04/07/2020 by The Northfield Savings Bank reported 38 jobs and $503,647 was used to fund payroll.

Formula ford inc is Existing or more than 2 years old

PPP Loan Search / VT / MONTPELIER / Formula ford inc

FORMULA FORD INC

Date Approved

04/07/2020

SBA Office Code

0150

Processing Method

PPP

Borrower Name

FORMULA FORD INC

Borrower Address

265 River St

Borrower City

MONTPELIER

Borrower State

VT

Borrower Zip

05602-4302

Loan Status Date

02/05/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

503647.00

Current Approval Amount

503647.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

73004

Servicing Lender Name

Northfield Savings Bank

Servicing Lender Address

33 S Main St

Servicing Lender City

NORTHFIELD

Servicing Lender State

VT

Servicing Lender Zip

05663-6703

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MONTPELIER

Project County Name

WASHINGTON

Project State

VT

Project Zip

05602-4302

CD

VT-

Jobs Reported

38

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

503647.00

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

Subchapter S Corporation

Originating Lender Location Id

73004

Originating Lender

Northfield Savings Bank

Originating Lender City

NORTHFIELD

Originating Lender State

VT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

506990.66

Forgiveness Date

12/09/2020

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