PPP Loan information for Trans-oceanic motors, ltd.

$837,189

Trans-oceanic motors, ltd. was initially approved for PPP Loan of amount $837,189, the current approved amount is $837,189. The loan was approved on 04/14/2020 by The Chelsea Groton Bank reported 57 jobs and $837,189 was used to fund payroll.

Trans-oceanic motors, ltd. is Existing or more than 2 years old

PPP Loan Search / CT / GROTON / Trans-oceanic motors, ltd.

TRANS-OCEANIC MOTORS, LTD.

Date Approved

04/14/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

TRANS-OCEANIC MOTORS, LTD.

Borrower Address

531 Route 12

Borrower City

GROTON

Borrower State

CT

Borrower Zip

06340-2958

Loan Status Date

04/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

837189.00

Current Approval Amount

837189.00

Undisbursed Amount

0.00

Franchise Name

Honda Automobile Division - Dealer Sales and Service Agreement

Servicing Lender Location Id

16318

Servicing Lender Name

Chelsea Groton Bank

Servicing Lender Address

1 Franklin Sq

Servicing Lender City

NORWICH

Servicing Lender State

CT

Servicing Lender Zip

06360-5825

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GROTON

Project County Name

NEW LONDON

Project State

CT

Project Zip

06340-2958

CD

CT-02

Jobs Reported

57

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

83718.50

Payroll Proceed

669752.00

Mortgage Interest Proceed

0.00

Rent Proceed

83718.50

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Sole Proprietorship

Originating Lender Location Id

16318

Originating Lender

Chelsea Groton Bank

Originating Lender City

NORWICH

Originating Lender State

CT

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

845010.41

Forgiveness Date

03/31/2021

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