Empire Ford of New Bedford INC

$620,900 PPP Loan in New Bedford, Massachusetts

Loan Details

Loan Number
4928727004
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$620,900
Current Approval
$620,900
Forgiveness Amount
$625,608
Forgiveness Date
Jan 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Empire Ford of New Bedford INC
Address
395 Mount Pleasant St
ZIP Code
02746-1500
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
54
Estimated Revenue
$13.6M
Rural/Urban
Urban
Congressional District
MA-09

Loan Use Breakdown

Payroll
$534,800
Rent
$28,200
Health Care
$57,900

Lender Information

Servicing Lender
Mechanics Cooperative Bank
Originating Lender
Mechanics Cooperative Bank

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