Towne Motor Company
$1,289,400 PPP Loan in Redwood City, California
Loan Details
- Loan Number
- 2323667302
- Date Approved
- Apr 29, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,289,400
- Current Approval
- $1,289,400
- Forgiveness Amount
- $1,303,404
- Forgiveness Date
- Jun 4, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Towne Motor Company
- Address
- 1601 El Camino Real
- City
- Redwood City
- State
- California
- ZIP Code
- 94063-2107
- Business Type
- 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
- 75
- Estimated Revenue
- $18.9M
- Rural/Urban
- Urban
- Congressional District
- CA-15
Loan Use Breakdown
- Payroll
- $1,031,600
- Mortgage Interest
- $257,800
Lender Information
- Servicing Lender
- Comerica Bank
- Originating Lender
- Comerica Bank
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