Malo Automotive Group INC

$1,959,000 PPP Loan in Hollywood, Florida

Loan Details

Loan Number
1128587106
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,959,000
Current Approval
$1,959,000
Forgiveness Amount
$1,980,737
Forgiveness Date
Jun 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Malo Automotive Group INC
Address
8655 Pines Blvd
State
Florida
ZIP Code
33024-6533
Business Type
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
168
Estimated Revenue
$42.3M
Rural/Urban
Urban
Congressional District
FL-25

Loan Use Breakdown

Payroll
$1,469,250
Utilities
$489,750

Lender Information

Servicing Lender
City National Bank of Florida
Originating Lender
City National Bank of Florida

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