PPP Loan information for Springfield motorcars inc

$818,508

Springfield motorcars inc was initially approved for PPP Loan of amount $818,508, the current approved amount is $818,508. The loan was approved on 01/17/2021 by The Regal Bank reported 56 jobs and $818,508 was used to fund payroll.

Springfield motorcars inc is Existing or more than 2 years old

PPP Loan Search / NJ / Springfield / Springfield motorcars inc

SPRINGFIELD MOTORCARS INC

Date Approved

01/17/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

SPRINGFIELD MOTORCARS INC

Borrower Address

243 US Highway 22

Borrower City

Springfield

Borrower State

NJ

Borrower Zip

07081-3505

Loan Status Date

01/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

818508.00

Current Approval Amount

818508.00

Undisbursed Amount

0.00

Franchise Name

Acura Automobile Division - Dealer Sales and Service Agreement

Servicing Lender Location Id

452264

Servicing Lender Name

Regal Bank

Servicing Lender Address

570 W Mt Pleasant Ave

Servicing Lender City

LIVINGSTON

Servicing Lender State

NJ

Servicing Lender Zip

07039-1688

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Springfield

Project County Name

UNION

Project State

NJ

Project Zip

07081-3505

CD

NJ-07

Jobs Reported

56

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

818506.00

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

452264

Originating Lender

Regal Bank

Originating Lender City

LIVINGSTON

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

826192.88

Forgiveness Date

01/03/2022

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