Continental Classic Motors, Inc.

$526,027 PPP Loan in Hinsdale, Illinois

Loan Details

Loan Number
1772087110
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$526,027
Current Approval
$526,027
Forgiveness Amount
$531,540
Forgiveness Date
May 3, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Continental Classic Motors, Inc.
Address
420 E Ogden Ave 0.0
ZIP Code
60521-3611
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Ferrari North America (fna) Dealer Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
$7.3M
Rural/Urban
Urban
Congressional District
IL-04

Loan Use Breakdown

Payroll
$401,822
Rent
$89,000
Utilities
$6,000
Health Care
$19,000
Debt Interest
$10,205

Lender Information

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

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