Stearns Ford INC

$693,700 PPP Loan in Burlington, North Carolina

Loan Details

Loan Number
2801297206
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$693,700
Current Approval
$693,700
Forgiveness Amount
$701,581
Forgiveness Date
Jun 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Stearns Ford INC
Address
602 Alamance Rd
ZIP Code
27215
Business Type
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
55
Estimated Revenue
$13.9M
Rural/Urban
Urban
Congressional District
NC-04

Loan Use Breakdown

Payroll
$693,700

Lender Information

Servicing Lender
Atlantic Union Bank
Originating Lender
Atlantic Union Bank

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