Kipo Motors Chevrolet INC

$342,270 PPP Loan in Ransomville, New York

Loan Details

Loan Number
8443067105
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$342,270
Current Approval
$342,270
Forgiveness Amount
$345,243
Forgiveness Date
Mar 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Kipo Motors Chevrolet INC
Address
2534 Youngstown Lockport Road
ZIP Code
14131
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$7.1M
Rural/Urban
Urban
Congressional District
NY-26

Loan Use Breakdown

Payroll
$273,816
Rent
$9,920
Utilities
$7,820
Health Care
$25,456
Mortgage Interest
$10,552
Debt Interest
$14,706

Lender Information

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

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