PPP Loan information for Wayne motors, inc

$1,221,995

Wayne motors, inc was initially approved for PPP Loan of amount $1,221,995, the current approved amount is $1,221,995. The loan was approved on 04/11/2020 by The Valley National Bank reported 81 jobs and $1,221,995 was used to fund payroll.

Wayne motors, inc is Existing or more than 2 years old

PPP Loan Search / NJ / WAYNE / Wayne motors, inc

WAYNE MOTORS, INC

Date Approved

04/11/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

WAYNE MOTORS, INC

Borrower Address

1910 Route 23 North

Borrower City

WAYNE

Borrower State

NJ

Borrower Zip

07470

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1221995.00

Current Approval Amount

1221995.00

Undisbursed Amount

0.00

Franchise Name

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

07470-1200

CD

NJ-11

Jobs Reported

81

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1221995.00

Payroll Proceed

0.00

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

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1232246.18

Forgiveness Date

02/24/2021

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