PPP Loan information for New motors inc

$1,255,000

New motors inc was initially approved for PPP Loan of amount $1,255,000, the current approved amount is $1,255,000. The loan was approved on 04/09/2020 by The First National Bank of Pennsylvania reported 93 jobs and $1,255,000 was used to fund payroll.

New motors inc is Existing or more than 2 years old

PPP Loan Search / PA / ERIE / New motors inc

NEW MOTORS INC

Date Approved

04/09/2020

SBA Office Code

0358

Processing Method

PPP

Borrower Name

NEW MOTORS INC

Borrower Address

8670 PEACH ST

Borrower City

ERIE

Borrower State

PA

Borrower Zip

16509-4721

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1255000.00

Current Approval Amount

1255000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60275

Servicing Lender Name

First National Bank of Pennsylvania

Servicing Lender Address

166 Main St

Servicing Lender City

GREENVILLE

Servicing Lender State

PA

Servicing Lender Zip

16125-2146

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ERIE

Project County Name

ERIE

Project State

PA

Project Zip

16509-4721

CD

PA-16

Jobs Reported

93

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1255000.00

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

60275

Originating Lender

First National Bank of Pennsylvania

Originating Lender City

GREENVILLE

Originating Lender State

PA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1262983.19

Forgiveness Date

12/10/2020

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