Somer Motors INC
$457,937 PPP Loan in Somerset, Massachusetts
Loan Details
- Loan Number
- 9415897104
- Date Approved
- Apr 15, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $457,937
- Current Approval
- $457,937
- Forgiveness Amount
- $464,097
- Forgiveness Date
- Sep 9, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Somer Motors INC
- Address
- 1451 Brayton Point Road
- City
- Somerset
- State
- Massachusetts
- ZIP Code
- 02725
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 49
- Estimated Revenue
- $12.3M
- Rural/Urban
- Urban
- Congressional District
- MA-04
Loan Use Breakdown
- Payroll
- $376,898
- Rent
- $45,000
- Utilities
- $20,153
- Health Care
- $11,986
- Debt Interest
- $3,900
Lender Information
- Servicing Lender
- Manufacturers and Traders Trust Company
- Originating Lender
- Manufacturers and Traders Trust Company
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