Future Ford Sales

$1,027,835 PPP Loan in Wilmington, Delaware

Loan Details

Loan Number
2619307102
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$1,027,835
Current Approval
$1,027,835
Forgiveness Amount
$1,034,903
Forgiveness Date
Dec 22, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Future Ford Sales
Address
4001 Kirkwood Hwy
ZIP Code
19808-5111
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
63
Estimated Revenue
$15.9M
Rural/Urban
Urban
Congressional District
DE-

Loan Use Breakdown

Payroll
$680,638
Rent
$102,292
Utilities
$37,891
Health Care
$88,862
Mortgage Interest
$20,000
Debt Interest
$98,152

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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