Champion Ford Lincoln INC

$280,256 PPP Loan in Rockingham, North Carolina

Loan Details

Loan Number
3654847100
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$280,256
Current Approval
$280,256
Forgiveness Amount
$286,803
Forgiveness Date
Aug 24, 2022
Term
60 months
Draw
First Draw

Business Information

Business Name
Champion Ford Lincoln INC
Address
706 E Highway 74
ZIP Code
28379-7524
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$7.1M
Rural/Urban
Rural
Congressional District
NC-08

Loan Use Breakdown

Payroll
$224,205
Utilities
$8,000
Health Care
$10,000
Mortgage Interest
$7,000
Debt Interest
$31,051

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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