William H Porter INC

$1,874,720 PPP Loan in Newark, Delaware

Loan Details

Loan Number
7820647104
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$1,874,720
Current Approval
$1,874,720
Forgiveness Amount
$1,888,382
Forgiveness Date
Jan 13, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
William H Porter INC
Address
414 East Cleveland Avenue
City
Newark
ZIP Code
19711
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
145
Estimated Revenue
$36.5M
Rural/Urban
Urban
Congressional District
DE-

Loan Use Breakdown

Payroll
$1,708,272
Rent
$45,000
Utilities
$41,000
Health Care
$56,734
Mortgage Interest
$23,714

Lender Information

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

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