Avis Ford, INC

$1,899,300 PPP Loan in Southfield, Michigan

Loan Details

Loan Number
3865497102
Date Approved
Apr 12, 2020
Loan Status
Paid in Full
Initial Approval
$1,899,300
Current Approval
$1,899,300
Forgiveness Amount
$1,913,650
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Avis Ford, INC
Address
29200 Telegraph Rd
ZIP Code
48034-1399
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
117
Estimated Revenue
$29.5M
Rural/Urban
Urban
Congressional District
MI-12

Loan Use Breakdown

Payroll
$1,519,486
Mortgage Interest
$379,814

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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