Berger Chevrolet, INC
$3,496,300 PPP Loan in Grand Rapids, Michigan
Loan Details
- Loan Number
- 2864927104
- Date Approved
- Apr 11, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $3,496,300
- Current Approval
- $3,496,300
- Forgiveness Amount
- $3,536,560
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Berger Chevrolet, INC
- Address
- 2525 28th Street SE 0.0
- City
- Grand Rapids
- State
- Michigan
- ZIP Code
- 49512-1616
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 258
- Estimated Revenue
- $65.0M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $2,629,167
- Rent
- $220,000
- Utilities
- $62,765
- Health Care
- $380,368
- Debt Interest
- $204,000
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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