Commonwealth Chevrolet INC

$608,602 PPP Loan in Lawrence, Massachusetts

Loan Details

Loan Number
4418338709
Date Approved
Apr 1, 2021
Loan Status
Paid in Full
Initial Approval
$608,602
Current Approval
$608,602
Forgiveness Amount
$612,921
Forgiveness Date
Dec 23, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Commonwealth Chevrolet INC
Address
155 Marston St
ZIP Code
01841-1526
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
50
Estimated Revenue
$12.6M
Rural/Urban
Urban
Congressional District
MA-03

Loan Use Breakdown

Payroll
$608,597
Utilities
$1

Lender Information

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

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