PPP Loan information for Welsh's motor sales inc.

$281,810

Welsh's motor sales inc. was initially approved for PPP Loan of amount $281,810, the current approved amount is $281,810. The loan was approved on 02/02/2021 by The Loan Source Incorporated reported 16 jobs and $281,810 was used to fund payroll.

Welsh's motor sales inc. is Existing or more than 2 years old

PPP Loan Search / NJ / FAR HILLS / Welsh's motor sales inc.

WELSH'S MOTOR SALES INC.

Date Approved

02/02/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

WELSH'S MOTOR SALES INC.

Borrower Address

36 DUMONT RD

Borrower City

FAR HILLS

Borrower State

NJ

Borrower Zip

07931

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

281810.00

Current Approval Amount

281810.00

Undisbursed Amount

0.00

Franchise Name

Jeep - Sales and Service 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

FAR HILLS

Project County Name

SOMERSET

Project State

NJ

Project Zip

07931

CD

NJ-07

Jobs Reported

16

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

281809.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

284481.40

Forgiveness Date

01/25/2022

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