PPP Loan information for Wayne auto sales inc

$727,460

Wayne auto sales inc was initially approved for PPP Loan of amount $727,460, the current approved amount is $727,460. The loan was approved on 04/01/2021 by The Valley National Bank reported 54 jobs and $727,460 was used to fund payroll.

Wayne auto sales inc is Existing or more than 2 years old

PPP Loan Search / NJ / Wayne / Wayne auto sales inc

WAYNE AUTO SALES INC

Date Approved

04/01/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

WAYNE AUTO SALES INC

Borrower Address

444 US Highway 46

Borrower City

Wayne

Borrower State

NJ

Borrower Zip

07470-4822

Loan Status Date

11/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

727460.00

Current Approval Amount

727460.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

45120

Servicing Lender Name

Valley National Bank

Servicing Lender Address

615 Main Ave

Servicing Lender City

PASSAIC

Servicing Lender State

NJ

Servicing Lender Zip

07055-5066

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wayne

Project County Name

PASSAIC

Project State

NJ

Project Zip

07470-4822

CD

NJ-11

Jobs Reported

54

NAICS Code

441120

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

727455.00

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

Subchapter S Corporation

Originating Lender Location Id

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

731501.44

Forgiveness Date

10/20/2021

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