Michael Bates Chevrolet Inc.

$721,990 PPP Loan in Woodhaven, Michigan

Loan Details

Loan Number
2136118705
Date Approved
Mar 28, 2021
Loan Status
Paid in Full
Initial Approval
$721,990
Current Approval
$721,990
Forgiveness Amount
$727,390
Forgiveness Date
Jan 6, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Michael Bates Chevrolet Inc.
Address
23755 Allen Rd
ZIP Code
48183-3393
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
68
Estimated Revenue
$17.1M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$721,986
Utilities
$1

Lender Information

Servicing Lender
Live Oak Banking Company
Originating Lender
Live Oak Banking Company

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