Horne Motors of Gilbert, LLC
$973,000 PPP Loan in Gilbert, Arizona
Loan Details
- Loan Number
- 4557487102
- Date Approved
- Apr 13, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $973,000
- Current Approval
- $973,000
- Forgiveness Amount
- $983,992
- Forgiveness Date
- Jun 3, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Horne Motors of Gilbert, LLC
- Address
- 1465 E Motorplex Loop, Gilbert, Az
- City
- Gilbert
- State
- Arizona
- ZIP Code
- 85297-0403
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Kia Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 80
- Estimated Revenue
- $20.2M
- Rural/Urban
- Urban
- Congressional District
- AZ-05
Loan Use Breakdown
- Payroll
- $730,000
- Rent
- $135,000
- Utilities
- $25,000
- Health Care
- $18,000
- Debt Interest
- $65,000
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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