ADA MOTORS INC., (WA) - 2020 PPP Loan Borrower Profile (# 5656877210)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADA MOTORS 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 Washington.

Loan Detail

Loan Number

5656877210

SBA Office Code

1013

Processing Method

PPP

Curent Loan Amount

$1,244,214

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$1,264,743.53

Date Loan was Forgiven

Dec 21, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,244,214

Lender

Toyota Financial Savings Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

441110

Borrower Location

SEATTLE, WA

Project Location

SEATTLE, WA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

107

Business Age Description

Existing or more than 2 years old

Data Source: SBA.