Long Island Motors INC

$145,241 PPP Loan in West Babylon, New York

Loan Details

Loan Number
2022167105
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$145,241
Current Approval
$145,241
Forgiveness Amount
$146,862
Forgiveness Date
May 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Long Island Motors INC
Address
720 Sunrise Highway 0.0
ZIP Code
11704-6012
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441120)
Business Age
Existing or more than 2 years old
Jobs Reported
11
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
NY-02

Loan Use Breakdown

Payroll
$106,311
Rent
$16,000
Utilities
$3,122
Health Care
$6,938
Debt Interest
$12,870

Lender Information

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

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