Colonial Ford of Marlboro, INC

$440,000 PPP Loan in Marlborough, Massachusetts

Loan Details

Loan Number
9997037103
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$440,000
Current Approval
$440,000
Forgiveness Amount
$450,295
Forgiveness Date
Aug 26, 2022
Term
59 months
Draw
First Draw

Business Information

Business Name
Colonial Ford of Marlboro, INC
Address
428 Maple Street
ZIP Code
01752
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$10.1M
Rural/Urban
Urban
Congressional District
MA-03

Loan Use Breakdown

Payroll
$372,355
Rent
$27,717
Utilities
$10,000
Health Care
$9,928
Debt Interest
$20,000

Lender Information

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

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