Motor City Sales & Service

$3,690,763 PPP Loan in Bakersfield, California

Loan Details

Loan Number
3506087106
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$3,690,763
Current Approval
$3,690,763
Forgiveness Amount
$3,740,076
Forgiveness Date
Aug 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Motor City Sales & Service
Address
3101 Pacheco Rd
ZIP Code
93313-3214
Business Type
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
226
Estimated Revenue
$57.0M
Rural/Urban
Urban
Congressional District
CA-20

Loan Use Breakdown

Payroll
$3,690,763

Lender Information

Servicing Lender
Ally Bank
Originating Lender
Ally Bank

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