Albion Motors INC

$122,800 PPP Loan in Albion, Michigan

Loan Details

Loan Number
1899357105
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$122,800
Current Approval
$119,500
Forgiveness Amount
$120,277
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Albion Motors INC
Address
16154 W. Michigan Ave
City
Albion
ZIP Code
49224
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
12
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-05

Loan Use Breakdown

Payroll
$119,500

Lender Information

Servicing Lender
Homestead Savings Bank
Originating Lender
Homestead Savings Bank

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