PPP Loan information for Herring motor company inc

$470,700

Herring motor company inc was initially approved for PPP Loan of amount $470,700, the current approved amount is $470,700. The loan was approved on 04/04/2020 by The Somerset Trust Company reported 38 jobs and $470,700 was used to fund payroll.

Herring motor company inc is Existing or more than 2 years old

PPP Loan Search / PA / SOMERSET / Herring motor company inc

HERRING MOTOR COMPANY INC

Date Approved

04/04/2020

SBA Office Code

0358

Processing Method

PPP

Borrower Name

HERRING MOTOR COMPANY INC

Borrower Address

286 Neilan Road

Borrower City

SOMERSET

Borrower State

PA

Borrower Zip

15501-8734

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

470700.00

Current Approval Amount

470700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65337

Servicing Lender Name

Somerset Trust Company

Servicing Lender Address

151 W Main St

Servicing Lender City

SOMERSET

Servicing Lender State

PA

Servicing Lender Zip

15501-2041

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

SOMERSET

Project State

PA

Project Zip

15501-8734

CD

PA-14

Jobs Reported

38

NAICS Code

488410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

470700.00

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

Corporation

Originating Lender Location Id

65337

Originating Lender

Somerset Trust Company

Originating Lender City

SOMERSET

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

474581.66

Forgiveness Date

02/10/2021

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