Colonie Import Distributors Ltd

$1,898,240 PPP Loan in Schenectady, New York

Loan Details

Loan Number
8382667103
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,898,240
Current Approval
$1,898,240
Forgiveness Amount
$1,923,983
Forgiveness Date
Aug 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Colonie Import Distributors Ltd
Address
2116 Central Avenue
ZIP Code
12304
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
164
Estimated Revenue
$41.3M
Rural/Urban
Urban
Congressional District
NY-20

Loan Use Breakdown

Payroll
$1,404,698
Rent
$350,000
Utilities
$19,388
Health Care
$18,982
Debt Interest
$105,172

Lender Information

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

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