George White Chevrolet, Inc.

$686,400 PPP Loan in Ames, Iowa

Loan Details

Loan Number
4675347009
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$686,400
Current Approval
$686,400
Forgiveness Amount
$693,114
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
George White Chevrolet, Inc.
Address
1719 S High Street
City
Ames
State
Iowa
ZIP Code
50010-8079
Business Type
Subchapter S 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
65
Estimated Revenue
$16.4M
Rural/Urban
Urban
Congressional District
IA-04

Loan Use Breakdown

Payroll
$514,900
Rent
$140,000
Utilities
$31,500

Lender Information

Servicing Lender
First National Bank Ames, Iowa
Originating Lender
First National Bank Ames, Iowa

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