PPP Loan information for Formula garage inc

$39,557

Formula garage inc was initially approved for PPP Loan of amount $39,557, the current approved amount is $39,557. The loan was approved on 04/14/2020 by The Manufacturers and Traders Trust Company reported 3 jobs and $39,557 was used to fund payroll.

Formula garage inc is Existing or more than 2 years old

PPP Loan Search / NY / Long Island City / Formula garage inc

FORMULA GARAGE INC

Date Approved

04/14/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

FORMULA GARAGE INC

Borrower Address

32-16 37th Avenue

Borrower City

Long Island City

Borrower State

NY

Borrower Zip

11101

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

39557.00

Current Approval Amount

39557.00

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Long Island City

Project County Name

QUEENS

Project State

NY

Project Zip

11101-0001

CD

NY-07

Jobs Reported

3

NAICS Code

811111

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1102.00

Payroll Proceed

36655.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

1800.00

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

Non-Veteran

Non Profit

Forgiveness Amount

39825.77

Forgiveness Date

12/23/2020

;