Colonial Motors INC

$1,430,000 PPP Loan in Milford, Connecticut

Loan Details

Loan Number
6407407006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,430,000
Current Approval
$1,430,000
Forgiveness Amount
$1,438,421
Forgiveness Date
Nov 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Colonial Motors INC
Address
470 Boston Post Rd
ZIP Code
06460-2529
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
126
Estimated Revenue
$31.8M
Rural/Urban
Urban
Congressional District
CT-03

Loan Use Breakdown

Payroll
$1,430,000

Lender Information

Servicing Lender
Newtown Savings Bank
Originating Lender
Newtown Savings Bank

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