COLONIAL MOTORS INC

Summary of PPP (Paycheck Protection Program) Loan approved to COLONIAL MOTORS INC by Newtown Savings Bank. The loan was approved on 4/06/2020 in the range of $1-2 million.

Business Information

Name:	COLONIAL MOTORS INC 470 BOSTON POST RD MILFORD, CT 06460
Business type:	Corporation Motor Vehicle and Parts Dealers → New Car Dealers
Non-profit:	No
Loan amount:	$1-2 million (50 Jobs retained)
Date approved:	April 06, 2020
Lender	Newtown Savings Bank

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Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.