Philadelphia Motors LLC

$754,505 PPP Loan in Paoli, Pennsylvania

Loan Details

Loan Number
1649217106
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$754,505
Current Approval
$754,505
Forgiveness Amount
$760,892
Forgiveness Date
Feb 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Philadelphia Motors LLC
Address
100 W Lancaster Ave
City
Paoli
ZIP Code
19301-1722
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
51
Estimated Revenue
$12.9M
Rural/Urban
Urban
Congressional District
PA-06

Loan Use Breakdown

Payroll
$576,000
Rent
$102,000
Utilities
$22,000
Mortgage Interest
$54,505

Lender Information

Servicing Lender
Wilmington Savings Fund Society, Fsb
Originating Lender
Wilmington Savings Fund Society, Fsb

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