Lynch Ford-Mt Vernon, Inc.
$1,194,832 PPP Loan in Mount Vernon, Iowa
Loan Details
- Loan Number
- 1176658300
- Date Approved
- Jan 16, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $1,194,832
- Current Approval
- $1,194,832
- Forgiveness Amount
- $1,200,541
- Forgiveness Date
- Jul 14, 2021
- Term
- 60 months
- Draw
- Second Draw
Business Information
- Business Name
- Lynch Ford-Mt Vernon, Inc.
- Address
- 410 Business 30 SW
- City
- Mount Vernon
- State
- Iowa
- ZIP Code
- 52314-1596
- 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
- 105
- Estimated Revenue
- $26.5M
- Rural/Urban
- Urban
- Congressional District
- IA-02
Loan Use Breakdown
- Payroll
- $1,194,828
Lender Information
- Servicing Lender
- Farmers & Merchants Savings Bank
- Originating Lender
- Farmers & Merchants Savings Bank
Other PPP Loans in Mount Vernon, IA
| Business | Approved | |
|---|---|---|
| Cornell College | $4,489,200 |  Research |
| Lynch Ford-Mt Vernon, Inc. | $1,186,500 | Research |
| US Nameplate Company, Inc. | $576,400 | Research |
| Eastern Iowa Blinds, Inc. | $373,337 | Research |
| Ability Physical Therapy P.c. | $313,680 | Research |
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