#1 COCHRAN BUICK GMC INC (PA) - 2020 PPP Loan Borrower Profile (# 7914187109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to #1 COCHRAN BUICK GMC 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 Pennsylvania.

Loan Detail

Loan Number

7914187109

SBA Office Code

0358

Processing Method

PPP

Curent Loan Amount

$3,904,412

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$3,948,911.6

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

75,000

Payroll Proced

3,000,000

Mortgage Interest Proceed

Rent Proceed

529,412

Refinance EIDL Proceed

Health Care Proceed

300,000

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Corporation

NAICS

441110

Borrower Location

Monroeville, PA

Project Location

Monroeville, PA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

271

Business Age Description

Existing or more than 2 years old

Data Source: SBA.