Date Approved
04/07/2020
SBA Office Code
0150
Processing Method
PPP
Borrower Name
FORMULA FORD INC
Borrower Address
265 River St
Borrower City
MONTPELIER
Borrower State
VT
Borrower Zip
05602-4302
Loan Status Date
02/05/2022
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
503647.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Ford Motor Company Dealer Sales and Service Agreement
Servicing Lender Location Id
73004
Servicing Lender Name
Northfield Savings Bank
Servicing Lender Address
33 S Main St
Servicing Lender City
NORTHFIELD
Servicing Lender State
Servicing Lender Zip
05663-6703
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
WASHINGTON
Project State
Project Zip
CD
VT-
Jobs Reported
38
NAICS Code
441110
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
506990.66
Forgiveness Date
12/09/2020