Morong Brothers Volkswagen

$973,200 PPP Loan in Falmouth, Maine

Loan Details

Loan Number
5686887007
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$973,200
Current Approval
$973,200
Forgiveness Amount
$980,186
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Morong Brothers Volkswagen
Address
187 US Route 1
State
Maine
ZIP Code
04105-1311
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Volkswagen Dealer Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
65
Estimated Revenue
$16.4M
Rural/Urban
Rural
Congressional District
ME-01

Loan Use Breakdown

Payroll
$973,200

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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