Shields Motor Company, INC

$202,200 PPP Loan in Chanute, Kansas

Loan Details

Loan Number
4486287005
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$202,200
Current Approval
$202,200
Forgiveness Amount
$203,778
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Shields Motor Company, INC
Address
814 W Cherry St
State
Kansas
ZIP Code
66720-1585
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Chrysler - Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$5.5M
Rural/Urban
Rural
Congressional District
KS-02

Loan Use Breakdown

Payroll
$161,760
Rent
$10,110
Utilities
$10,110
Mortgage Interest
$20,220

Lender Information

Servicing Lender
Community National Bank & Trust
Originating Lender
Community National Bank & Trust

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