BERLIN AUTOMOTIVE T1, LLC (VT) - 2020 PPP Loan Borrower Profile (# 1008367105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BERLIN AUTOMOTIVE T1, LLC. 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 Vermont.

Loan Detail

Loan Number

1008367105

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$878,835

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$888,213.15

Date Loan was Forgiven

May 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

19,000

Payroll Proced

610,036

Mortgage Interest Proceed

Rent Proceed

185,220

Refinance EIDL Proceed

Health Care Proceed

64,579

Debt Interest Proceed

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

441110

Borrower Location

Berlin, VT

Project Location

Berlin, VT

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.