Forest City Ford, Inc.

$181,000 PPP Loan in Forest City, Iowa

Loan Details

Loan Number
4428917006
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$181,000
Current Approval
$181,000
Forgiveness Amount
$182,699
Forgiveness Date
Mar 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Forest City Ford, Inc.
Address
745 Highway 69 N
State
Iowa
ZIP Code
50436-1136
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441120)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
15
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$135,750
Utilities
$22,625
Mortgage Interest
$22,625

Lender Information

Servicing Lender
Manufacturers Bank & Trust Company
Originating Lender
Manufacturers Bank & Trust Company

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