Howard Ford INC

$674,490 PPP Loan in West Memphis, Arkansas

Loan Details

Loan Number
1055877108
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$674,490
Current Approval
$674,490
Forgiveness Amount
$683,558
Forgiveness Date
Aug 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Howard Ford INC
Address
2400 N Service Rd
ZIP Code
72301-2223
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
$12.1M
Rural/Urban
Urban
Congressional District
AR-01

Loan Use Breakdown

Payroll
$506,000
Rent
$84,000
Utilities
$4,490
Health Care
$35,000
Debt Interest
$45,000

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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