# PPP loan: COLONIAL MOTORS INC
> **$175K** approved 05/01/2020 · Exemption 4 · Loan `6755767702`
## Borrower
- **Name:** COLONIAL MOTORS INC
- **Address:** 3210 ROUTE 22 WEST, BRANCHBURG, NJ, 08876
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $152K (87%)
- **Forgiveness date:** 09/20/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 12
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*