PPP Loan information for Trans ocean motor co inc

$798,260

Trans ocean motor co inc was initially approved for PPP Loan of amount $798,260, the current approved amount is $798,260. The loan was approved on 04/09/2020 by The Loan Source Incorporated reported 54 jobs and $798,260 was used to fund payroll.

Trans ocean motor co inc is Existing or more than 2 years old

PPP Loan Search / CA / PASADENA / Trans ocean motor co inc

TRANS OCEAN MOTOR CO INC

Date Approved

04/09/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

TRANS OCEAN MOTOR CO INC

Borrower Address

130 N Sierra Madre Blvd

Borrower City

PASADENA

Borrower State

CA

Borrower Zip

91107-3327

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

798260.00

Current Approval Amount

798260.00

Undisbursed Amount

0.00

Franchise Name

Volkswagen Dealer Agreement

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PASADENA

Project County Name

LOS ANGELES

Project State

CA

Project Zip

91107-3327

CD

CA-28

Jobs Reported

54

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9652.00

Payroll Proceed

638608.00

Mortgage Interest Proceed

0.00

Rent Proceed

150000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

90426

Originating Lender

Pacific Premier Bank

Originating Lender City

IRVINE

Originating Lender State

CA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

806505.04

Forgiveness Date

04/27/2021

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