PPP Loan information for Lexington motors, inc.

$751,890

Lexington motors, inc. was initially approved for PPP Loan of amount $813,009, the current approved amount is $751,890. The loan was approved on 04/07/2020 by The Eastern Bank reported 52 jobs and $751,890 was used to fund payroll.

Lexington motors, inc. is New Business or 2 years or less

PPP Loan Search / MA / LEXINGTON / Lexington motors, inc.

LEXINGTON MOTORS, INC.

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

LEXINGTON MOTORS, INC.

Borrower Address

409 MASSACHUSETTS AVE

Borrower City

LEXINGTON

Borrower State

MA

Borrower Zip

02420-4009

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

813009.00

Current Approval Amount

751890.00

Undisbursed Amount

0.00

Franchise Name

Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

LEXINGTON

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02420-4009

CD

MA-05

Jobs Reported

52

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

751890.00

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

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

756798.17

Forgiveness Date

12/15/2020

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