DELAWARE MOTOR SALES, INC (DE) - 2020 PPP Loan Borrower Profile (# 8184087105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DELAWARE MOTOR SALES, INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Delaware.

Loan Detail

Loan Number

8184087105

SBA Office Code

0341

Processing Method

PPP

Curent Loan Amount

$2,216,867

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$2,241,586.59

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,773,493.6

Rent Proceed

221,686.7

Health Care Proceed

221,686.7

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

441110

Borrower Location

Wilmington, DE

Project Location

Wilmington, DE

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

142

Business Age Description

Existing or more than 2 years old

Data Source: SBA.