Merrimac Motors, Incorporated
$740,000 PPP Loan in Newport News, Virginia
Loan Details
- Loan Number
- 8617267009
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $740,000
- Current Approval
- $740,000
- Forgiveness Amount
- $745,365
- Forgiveness Date
- Jan 8, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Merrimac Motors, Incorporated
- Address
- 12629 Jefferson Ave
- City
- Newport News
- State
- Virginia
- ZIP Code
- 23602-4315
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Nissan North America, Inc. - Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 144
- Estimated Revenue
- $36.3M
- Rural/Urban
- Urban
- Congressional District
- VA-03
Loan Use Breakdown
- Payroll
- $652,300
- Rent
- $67,000
- Utilities
- $20,700
Lender Information
- Servicing Lender
- The Old Point National Bank of Phoebus
- Originating Lender
- The Old Point National Bank of Phoebus
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