Southgate Automotive Inc.
$1,366,200 PPP Loan in Southgate, Michigan
Loan Details
- Loan Number
- 3294307304
- Date Approved
- Apr 29, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,366,200
- Current Approval
- $1,366,200
- Forgiveness Amount
- $1,376,219
- Forgiveness Date
- Jan 20, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Southgate Automotive Inc.
- Address
- 16501 Fort St
- City
- Southgate
- State
- Michigan
- ZIP Code
- 48195
- 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
- 115
- Estimated Revenue
- $29.0M
- Rural/Urban
- Urban
- Congressional District
- MI-13
Loan Use Breakdown
- Payroll
- $1,366,200
Lender Information
- Servicing Lender
- Pnc Bank, National Association
- Originating Lender
- Pnc Bank, National Association
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| K+s Services, Inc. | $2,598,100 |  Research |
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| Renkim Corporation | $1,527,200 | Research |
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