Danvers Motor Corporation, INC

$596,435 PPP Loan in Danvers, Massachusetts

Loan Details

Loan Number
8762437008
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$596,435
Current Approval
$596,435
Forgiveness Amount
$602,726
Forgiveness Date
May 13, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Danvers Motor Corporation, INC
Address
106 Sylvan St
ZIP Code
01923-3622
Business Type
Corporation
Industry (NAICS)
Retail Trade (441120)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
46
Estimated Revenue
$11.6M
Rural/Urban
Urban
Congressional District
MA-06

Loan Use Breakdown

Payroll
$596,435

Lender Information

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

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