Trans-Oceanic Motors, Ltd.
$837,189 PPP Loan in Groton, Connecticut
Loan Details
- Loan Number
- 6763337103
- Date Approved
- Apr 14, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $837,189
- Current Approval
- $837,189
- Forgiveness Amount
- $845,010
- Forgiveness Date
- Mar 31, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Trans-Oceanic Motors, Ltd.
- Address
- 531 Route 12
- City
- Groton
- State
- Connecticut
- ZIP Code
- 06340-2958
- Business Type
- Sole Proprietorship
- 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
- 57
- Estimated Revenue
- $14.4M
- Rural/Urban
- Urban
- Congressional District
- CT-02
Loan Use Breakdown
- Payroll
- $669,752
- Rent
- $83,719
- Utilities
- $83,719
Lender Information
- Servicing Lender
- Chelsea Groton Bank
- Originating Lender
- Chelsea Groton Bank
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