Place Motor Inc.

$477,400 PPP Loan in Webster, Massachusetts

Loan Details

Loan Number
1332537110
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$477,400
Current Approval
$477,400
Forgiveness Amount
$481,206
Forgiveness Date
Feb 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Place Motor Inc.
Address
19 Thompson Rd
ZIP Code
01570-1407
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
27
Estimated Revenue
$6.8M
Rural/Urban
Urban
Congressional District
MA-02

Loan Use Breakdown

Payroll
$477,400

Lender Information

Servicing Lender
Webster Five Cents Savings Bank
Originating Lender
Webster Five Cents Savings Bank

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