Metro Motors, INC
$977,100 PPP Loan in Johnston, Rhode Island
Loan Details
- Loan Number
- 4495707002
- Date Approved
- Apr 3, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $977,100
- Current Approval
- $1,444,300
- Forgiveness Amount
- $1,457,419
- Forgiveness Date
- Mar 5, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Metro Motors, INC
- Address
- 1880 Hartford Ave
- City
- Johnston
- State
- Rhode Island
- ZIP Code
- 02919-3243
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Honda Automobile Division - Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 85
- Estimated Revenue
- $21.4M
- Rural/Urban
- Urban
- Congressional District
- RI-02
Loan Use Breakdown
- Payroll
- $1,309,300
- Rent
- $105,000
- Utilities
- $30,000
Lender Information
- Servicing Lender
- Mechanics Cooperative Bank
- Originating Lender
- Mechanics Cooperative Bank
Other PPP Loans in Johnston, RI
| Business | Approved | |
|---|---|---|
| J.r. Vinagro Manufacturing and Processing Co. | $3,265,242 |  Research |
| J.r. Vinagro Corporation | $2,242,747 | Research |
| Aero Mechanical, Inc. | $2,106,922 | Research |
| Warwick Hotel Associates | $2,000,000 | Research |
| Medical Homes of Rhode Island INC | $1,569,890 | Research |
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