Michael Bates Chevrolet, Inc.

$872,700 PPP Loan in Woodhaven, Michigan

Loan Details

Loan Number
4052887109
Date Approved
Apr 12, 2020
Loan Status
Paid in Full
Initial Approval
$872,700
Current Approval
$872,700
Forgiveness Amount
$882,718
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Michael Bates Chevrolet, Inc.
Address
23755 Allen Rd
ZIP Code
48183
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
70
Estimated Revenue
$17.6M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$872,700

Lender Information

Servicing Lender
Live Oak Banking Company
Originating Lender
Live Oak Banking Company

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