Ray Chevrolet, Inc.

$1,431,228 PPP Loan in Fox Lake, Illinois

Loan Details

Loan Number
2179697109
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$1,431,228
Current Approval
$1,431,228
Forgiveness Amount
$1,446,693
Forgiveness Date
May 13, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ray Chevrolet, Inc.
Address
39 North Route 12
ZIP Code
60020-1222
Business Type
Subchapter S 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
103
Estimated Revenue
$26.0M
Rural/Urban
Urban
Congressional District
IL-10

Loan Use Breakdown

Payroll
$1,431,228

Lender Information

Servicing Lender
Ally Bank
Originating Lender
Ally Bank

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