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Colonial Motor Cars Ltd

$501,895 PPP Loan in Kingston, New York

Loan Details

Loan Number
8907837110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$501,895
Current Approval
$501,895
Forgiveness Amount
$507,863
Forgiveness Date
Jul 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Colonial Motor Cars Ltd
Address
761 E. Chester St
City
Kingston
State
New York
ZIP Code
12401
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$8.1M
Rural/Urban
Rural
Congressional District
NY-18

Loan Use Breakdown

Payroll
$427,045
Rent
$44,000
Utilities
$17,180
Health Care
$12,180
Debt Interest
$1,490

Lender Information

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

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