Hutchins Motors Inc.

$2,634,600 PPP Loan in Augusta, Maine

Loan Details

Loan Number
5337207004
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$2,634,600
Current Approval
$2,622,764
Forgiveness Amount
$2,645,713
Forgiveness Date
Feb 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Hutchins Motors Inc.
Address
187 Riverside Drive
State
Maine
ZIP Code
04330-4133
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
232
Estimated Revenue
$58.5M
Rural/Urban
Rural
Congressional District
ME-02

Loan Use Breakdown

Payroll
$2,622,764

Lender Information

Servicing Lender
Bangor Savings Bank
Originating Lender
Bangor Savings Bank

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