Velde Ford Sales, Inc.

$476,800 PPP Loan in Pekin, Illinois

Loan Details

Loan Number
4469627107
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$476,800
Current Approval
$476,800
Forgiveness Amount
$480,257
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Velde Ford Sales, Inc.
Address
220 N 8th St
City
Pekin
ZIP Code
61554-1543
Business Type
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
70
Estimated Revenue
$17.6M
Rural/Urban
Urban
Congressional District
IL-16

Loan Use Breakdown

Payroll
$476,800

Lender Information

Servicing Lender
Morton Community Bank
Originating Lender
Morton Community Bank

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