SPRINGFIELD AUTO MART, INC. (VT) - 2020 PPP Loan Borrower Profile (# 4392027007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to SPRINGFIELD AUTO MART, 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 Vermont.

Loan Detail

Loan Number

4392027007

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$914,600

Date Loan was Approved

Apr 3, 2020

Amount Forgiven

$923,470.37

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

98,593

Payroll Proced

686,007

Rent Proceed

90,000

Health Care Proceed

40,000

Lender

Passumpsic Savings Bank

Business Detail

Business Type

Corporation

NAICS

441110

Borrower Location

NORTH SPRINGFIELD, VT

Project Location

NORTH SPRINGFIELD, VT

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.