305 MOTORS CORP (FL) - 2020 PPP Loan Borrower Profile (# 9337897402)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 305 MOTORS CORP. 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 Florida.

Loan Detail

Loan Number

9337897402

SBA Office Code

0455

Processing Method

PPP

Curent Loan Amount

$560,982

Date Loan was Approved

May 20, 2020

Amount Forgiven

Date Loan was Forgiven

Loan Status

Charged Off

Loan Term

6 Months

Utilities Proced

70,122.75

Payroll Proced

420,736.5

Rent Proceed

70,122.75

Lender

Celtic Bank Corporation

Business Detail

Business Type

Subchapter S Corporation

NAICS

541990

Borrower Location

Miami Gardens, FL

Project Location

Miami Gardens, FL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.