Desoto Mac Haik Ford Ltd

$1,128,340 PPP Loan in Desoto, Texas

Loan Details

Loan Number
1034607109
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,128,340
Current Approval
$1,128,340
Forgiveness Amount
$1,142,654
Forgiveness Date
Jul 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Desoto Mac Haik Ford Ltd
Address
515 N I-35 E 0.0
City
Desoto
State
Texas
ZIP Code
75115-4803
Business Type
Partnership
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
94
Estimated Revenue
$23.7M
Rural/Urban
Urban
Congressional District
TX-30

Loan Use Breakdown

Payroll
$760,895
Rent
$139,864
Utilities
$24,000
Health Care
$97,750
Debt Interest
$105,831

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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