Priority Automotive of Newport LLC

$284,525 PPP Loan in Middletown, Rhode Island

Loan Details

Loan Number
3256738702
Date Approved
Mar 31, 2021
Loan Status
Paid in Full
Initial Approval
$284,525
Current Approval
$284,525
Forgiveness Amount
$287,612
Forgiveness Date
May 9, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Priority Automotive of Newport LLC
Address
1133 W Main Rd
ZIP Code
02842-6337
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Franchise
Hyundai Motor America - Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$7.6M
Rural/Urban
Urban
Congressional District
RI-01

Loan Use Breakdown

Payroll
$284,522
Utilities
$1

Lender Information

Servicing Lender
Bank of America, National Association
Originating Lender
Bank of America, National Association

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