Wellesley Volkswagen, Buick, Inc.

$572,117 PPP Loan in Wellesley, Massachusetts

Loan Details

Loan Number
8872017110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$572,117
Current Approval
$572,117
Forgiveness Amount
$585,440
Forgiveness Date
Aug 26, 2022
Term
59 months
Draw
First Draw

Business Information

Business Name
Wellesley Volkswagen, Buick, Inc.
Address
231 Linden Street
ZIP Code
02482
Business Type
Sole Proprietorship
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
42
Estimated Revenue
$10.6M
Rural/Urban
Urban
Congressional District
MA-05

Loan Use Breakdown

Payroll
$429,087
Rent
$40,000
Utilities
$16,000
Health Care
$79,852
Debt Interest
$7,178

Lender Information

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

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