PPP Loan information for City tire company inc

$992,252

City tire company inc was initially approved for PPP Loan of amount $992,252, the current approved amount is $992,252. The loan was approved on 04/08/2020 by The Westfield Bank reported 85 jobs and $992,252 was used to fund payroll.

City tire company inc is Existing or more than 2 years old

PPP Loan Search / MA / SPRINGFIELD / City tire company inc

CITY TIRE COMPANY INC

Date Approved

04/08/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

CITY TIRE COMPANY INC

Borrower Address

25 AVOCADO ST

Borrower City

SPRINGFIELD

Borrower State

MA

Borrower Zip

01104-3303

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

992252.00

Current Approval Amount

992252.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33436

Servicing Lender Name

Westfield Bank

Servicing Lender Address

141 Elm St

Servicing Lender City

WESTFIELD

Servicing Lender State

MA

Servicing Lender Zip

01085-2910

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SPRINGFIELD

Project County Name

HAMPDEN

Project State

MA

Project Zip

01104-3303

CD

MA-01

Jobs Reported

85

NAICS Code

441320

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

992252.00

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

33436

Originating Lender

Westfield Bank

Originating Lender City

WESTFIELD

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1002119.39

Forgiveness Date

04/14/2021

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