O'daniel Motor Sales INC

$1,642,400 PPP Loan in Fort Wayne, Indiana

Loan Details

Loan Number
1307977100
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$1,642,400
Current Approval
$1,642,400
Forgiveness Amount
$1,653,064
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
O'daniel Motor Sales INC
Address
5611 Illinois Rd
State
Indiana
ZIP Code
46804-1153
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Chrysler - Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
114
Estimated Revenue
$28.7M
Rural/Urban
Urban
Congressional District
IN-03

Loan Use Breakdown

Payroll
$823,655
Rent
$147,000
Utilities
$27,500
Health Care
$644,245

Lender Information

Servicing Lender
Star Financial Bank
Originating Lender
Star Financial Bank

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