PPP Loan information for Shrewsbury motors, inc.

$396,268

Shrewsbury motors, inc. was initially approved for PPP Loan of amount $396,268, the current approved amount is $396,268. The loan was approved on 04/13/2020 by The Bank of Ann Arbor reported 29 jobs and $396,268 was used to fund payroll.

Shrewsbury motors, inc. is Existing or more than 2 years old

PPP Loan Search / NJ / TINTON FALLS / Shrewsbury motors, inc.

SHREWSBURY MOTORS, INC.

Date Approved

04/13/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

SHREWSBURY MOTORS, INC.

Borrower Address

702 SHREWSBURY AVE

Borrower City

TINTON FALLS

Borrower State

NJ

Borrower Zip

07701-4911

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

396268.00

Current Approval Amount

396268.00

Undisbursed Amount

0.00

Franchise Name

Volkswagen Dealer Agreement

Servicing Lender Location Id

119903

Servicing Lender Name

Bank of Ann Arbor

Servicing Lender Address

125 S Fifth Ave

Servicing Lender City

ANN ARBOR

Servicing Lender State

MI

Servicing Lender Zip

48104-1910

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TINTON FALLS

Project County Name

MONMOUTH

Project State

NJ

Project Zip

07701-4911

CD

NJ-04

Jobs Reported

29

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

396268.00

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

119903

Originating Lender

Bank of Ann Arbor

Originating Lender City

ANN ARBOR

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

399383.86

Forgiveness Date

02/03/2021

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