As part of the Paycheck Protection Program WOBURN FOREIGN MOTORS INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

WOBURN FOREIGN MOTORS INC


Loan Amount	$2,998,755
BusinessName	WOBURN FOREIGN MOTORS INC
Address	394 Washington Street
City	WOBURN
State	MA
Zip	1801
NAICSCode	441120
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	357
DateApproved	04/09/2020
Lender	East Boston Savings Bank
CD	MA-05
BusinessName.clean	WOBURN FOREIGN MOTORS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

WOBURN HOTEL OPERATOR
WOBURN NURSING CENTER
WOBURN PEDIATRIC ASSOCIATES L
WODA CONSTRUCTION
WODA COOPER COMPANIES