PPP Loan information for Commonwealth volkswagen inc.

$294,455

Commonwealth volkswagen inc. was initially approved for PPP Loan of amount $294,455, the current approved amount is $294,455. The loan was approved on 03/17/2021 by The Bank of America, National Association reported 20 jobs and $294,455 was used to fund payroll.

Commonwealth volkswagen inc. is Existing or more than 2 years old

PPP Loan Search / MA / Lawrence / Commonwealth volkswagen inc.

COMMONWEALTH VOLKSWAGEN INC.

Date Approved

03/17/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

COMMONWEALTH VOLKSWAGEN INC.

Borrower Address

1 Commonwealth Dr

Borrower City

Lawrence

Borrower State

MA

Borrower Zip

01841-2268

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

294455.00

Current Approval Amount

294455.00

Undisbursed Amount

0.00

Franchise Name

Volkswagen Dealer Agreement

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lawrence

Project County Name

ESSEX

Project State

MA

Project Zip

01841-2268

CD

MA-03

Jobs Reported

20

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

294453.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

296487.95

Forgiveness Date

12/02/2021

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