Gurnee Motors INC

$968,162 PPP Loan in Gurnee, Illinois

Loan Details

Loan Number
1698377104
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$968,162
Current Approval
$968,162
Forgiveness Amount
$979,943
Forgiveness Date
Jul 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Gurnee Motors INC
Address
7000 Grand Ave 0.0
City
Gurnee
ZIP Code
60031-1626
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Honda Automobile Division - Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
86
Estimated Revenue
$21.7M
Rural/Urban
Urban
Congressional District
IL-10

Loan Use Breakdown

Payroll
$774,529
Rent
$120,000
Utilities
$18,000
Health Care
$55,633

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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