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PRIORITY AUTOMOTIVE OF NEWPORT, LLC

Company Details

Name: PRIORITY AUTOMOTIVE OF NEWPORT, LLC
Jurisdiction: Rhode Island
Entity type: Domestic Limited Liability Company
Status: Activ
Date of Organization in Rhode Island: 24 Sep 2015 (10 years ago)
Identification Number: 001656936
ZIP code: 02852
County: Washington County
Principal Address: 375 COMMERCE PARK ROAD, NORTH KINGSTOWN, RI, 02852, USA
Purpose: OWN, MANAGE AND OPERATE A RETAIL AUTOMOTIVE DEALERSHIP AND SERVICE CENTER
Fictitious names: Priority Premium Rentals (trading name, 2024-02-21 - )
Hyundai of Newport (trading name, 2015-12-21 - )

Industry & Business Activity

NAICS

441110 New Car Dealers

This industry comprises establishments primarily engaged in retailing new automobiles and light trucks, such as sport utility vehicles, and passenger and cargo vans, or retailing these new vehicles in combination with activities, such as repair services, retailing used cars, and selling replacement parts and accessories. Learn more at the U.S. Census Bureau

Agent

Name Role Address
ANDREW G. SHOLES, ESQ. Agent 1375 WARWICK AVENUE, WARWICK, RI, 02888, USA

MANAGER

Name Role Address
MARC PERLMAN MANAGER 375 COMMERCE PARK ROAD NORTH KINGSTOWN, RI 02852 USA
JOHN D CONFORTI MANAGER 375 COMMERCE PARK ROAD NORTH KINGSTOWN, RI 02852 USA

Filings

Number Name File Date
202454460160 Annual Report 2024-05-17
202446949990 Fictitious Business Name Statement 2024-02-21
202335381010 Annual Report 2023-05-08
202216049150 Annual Report 2022-04-28
202103786250 Annual Report 2021-10-25
202071106230 Annual Report 2020-11-03
201924991120 Annual Report 2019-10-22
201880758180 Annual Report 2018-11-04
201752388420 Annual Report 2017-10-27
201611250910 Annual Report 2016-10-27

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
6585937200 2020-04-28 0165 PPP 1133 W Main Rd, MIDDLETOWN, RI, 02842
Loan Status Date 2021-10-16
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 284525
Loan Approval Amount (current) 284525
Undisbursed Amount 0
Franchise Name -
Lender Location ID 9551
Servicing Lender Name Bank of America, National Association
Servicing Lender Address 100 N Tryon St, Ste 170, CHARLOTTE, NC, 28202-4024
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Unanswered
Project Address MIDDLETOWN, NEWPORT, RI, 02842-0001
Project Congressional District RI-01
Number of Employees 48
NAICS code 441110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Limited Liability Company(LLC)
Originating Lender ID 9551
Originating Lender Name Bank of America, National Association
Originating Lender Address CHARLOTTE, NC
Gender Male Owned
Veteran Unanswered
Forgiveness Amount 288352.45
Forgiveness Paid Date 2021-09-02
3256738702 2021-03-31 0165 PPS 1133 W Main Rd, Middletown, RI, 02842-6337
Loan Status Date 2021-04-21
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 284525
Loan Approval Amount (current) 284525
Undisbursed Amount 0
Franchise Name Hyundai Motor America - Dealer Sales and Service Agreement
Lender Location ID 9551
Servicing Lender Name Bank of America, National Association
Servicing Lender Address 100 N Tryon St, Ste 170, CHARLOTTE, NC, 28202-4024
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Middletown, NEWPORT, RI, 02842-6337
Project Congressional District RI-01
Number of Employees 30
NAICS code 441110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Limited Liability Company(LLC)
Originating Lender ID 9551
Originating Lender Name Bank of America, National Association
Originating Lender Address CHARLOTTE, NC
Gender Male Owned
Veteran Unanswered
Forgiveness Amount 287611.9
Forgiveness Paid Date 2022-05-09

Date of last update: 26 Oct 2024

Sources: Rhode Island Department of State