Mcfadden Friendly Motors, Inc.
$255,457 PPP Loan in South Haven, Michigan
Loan Details
- Loan Number
- 1536247108
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $255,457
- Current Approval
- $255,457
- Forgiveness Amount
- $257,081
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Mcfadden Friendly Motors, Inc.
- Address
- 11628 M 140
- City
- South Haven
- State
- Michigan
- ZIP Code
- 49090-8401
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Chrysler - Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 19
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MI-04
Loan Use Breakdown
- Payroll
- $191,592
- Rent
- $24,000
- Utilities
- $7,878
- Health Care
- $6,782
- Debt Interest
- $25,205
Lender Information
- Servicing Lender
- Sturgis Bank & Trust Company
- Originating Lender
- Sturgis Bank & Trust Company
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