Thompson Automotive of Dundalk, Inc.

$1,981,565 PPP Loan in Dundalk, Maryland

Loan Details

Loan Number
7859567101
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$1,981,565
Current Approval
$1,981,565
Forgiveness Amount
$2,002,575
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Thompson Automotive of Dundalk, Inc.
Address
1000 Merritt Boulevard
ZIP Code
21222
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
166
Estimated Revenue
$41.8M
Rural/Urban
Urban
Congressional District
MD-07

Loan Use Breakdown

Payroll
$1,640,565
Rent
$131,000
Utilities
$55,000
Health Care
$64,000
Mortgage Interest
$25,000
Debt Interest
$66,000

Lender Information

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

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