PPP Loan information for Progressive automotive inc

$29,200

Progressive automotive inc was initially approved for PPP Loan of amount $29,200, the current approved amount is $29,200. The loan was approved on 04/08/2020 by The Magyar Bank reported 3 jobs and $29,200 was used to fund payroll.

Progressive automotive inc is Existing or more than 2 years old

PROGRESSIVE AUTOMOTIVE INC

Date Approved

04/08/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

PROGRESSIVE AUTOMOTIVE INC

Borrower Address

545 GEORGES RD

Borrower City

NORTH BRUNSWICK

Borrower State

NJ

Borrower Zip

08902-2955

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

29200.00

Current Approval Amount

29200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

87737

Servicing Lender Name

Magyar Bank

Servicing Lender Address

400 Somerset St

Servicing Lender City

NEW BRUNSWICK

Servicing Lender State

NJ

Servicing Lender Zip

08901-3265

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORTH BRUNSWICK

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

08902-2955

CD

NJ-12

Jobs Reported

3

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

29200.00

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

87737

Originating Lender

Magyar Bank

Originating Lender City

NEW BRUNSWICK

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

29413.32

Forgiveness Date

01/11/2021

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