Tek Automotive Group LLC

$879,800 PPP Loan in Albany, New York

Loan Details

Loan Number
8291957101
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$879,800
Current Approval
$879,800
Forgiveness Amount
$888,670
Forgiveness Date
Apr 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Tek Automotive Group LLC
Address
347 New Karner Road
City
Albany
ZIP Code
12205
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
51
Estimated Revenue
$12.9M
Rural/Urban
Urban
Congressional District
NY-20

Loan Use Breakdown

Payroll
$639,800
Rent
$75,000
Utilities
$10,000
Health Care
$78,000
Debt Interest
$77,000

Lender Information

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

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