Infiniti of Albany, Inc.

$494,000 PPP Loan in Cohoes, New York

Loan Details

Loan Number
8419257103
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$494,000
Current Approval
$494,000
Forgiveness Amount
$500,632
Forgiveness Date
Aug 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Infiniti of Albany, Inc.
Address
965 New Loudon Road
City
Cohoes
ZIP Code
12047
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
46
Estimated Revenue
$11.6M
Rural/Urban
Urban
Congressional District
NY-20

Loan Use Breakdown

Payroll
$365,558
Rent
$80,000
Utilities
$9,038
Health Care
$4,940
Debt Interest
$34,464

Lender Information

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

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