Bay Ridge Volvo American INC

$2,299,905 PPP Loan in Brooklyn, New York

Loan Details

Loan Number
1238787206
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$2,299,905
Current Approval
$2,299,905
Forgiveness Amount
$2,326,138
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Bay Ridge Volvo American INC
Address
8801 4th Ave
ZIP Code
11209
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Volvo Cars Usa, LLC -� Retailer Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
176
Estimated Revenue
$44.4M
Rural/Urban
Urban
Congressional District
NY-11

Loan Use Breakdown

Payroll
$1,665,955
Rent
$422,706
Utilities
$61,070
Health Care
$115,174
Debt Interest
$35,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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