PPP Loan information for Merola motors inc

$17,618

Merola motors inc was initially approved for PPP Loan of amount $17,618, the current approved amount is $17,618. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 4 jobs and $17,618 was used to fund payroll.

Merola motors inc is New Business or 2 years or less

PPP Loan Search / CT / NORTH HAVEN / Merola motors inc

MEROLA MOTORS INC

Date Approved

05/01/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

MEROLA MOTORS INC

Borrower Address

93 STATE ST

Borrower City

NORTH HAVEN

Borrower State

CT

Borrower Zip

06473-2206

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

17618.00

Current Approval Amount

17618.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

NORTH HAVEN

Project County Name

NEW HAVEN

Project State

CT

Project Zip

06473-2206

CD

CT-03

Jobs Reported

4

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

17618.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

17811.56

Forgiveness Date

06/10/2021

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