US 27 Motorsports & Trailers INC

$312,400 PPP Loan in Saint Johns, Michigan

Loan Details

Loan Number
4682617005
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$312,400
Current Approval
$312,400
Forgiveness Amount
$315,216
Forgiveness Date
Mar 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
US 27 Motorsports & Trailers INC
Address
5301 N US Highway 27
ZIP Code
48879-8715
Business Type
Corporation
Industry (NAICS)
Retail Trade (441228)
Franchise
Yamaha (sales and Service Agreement)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$7.8M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$232,000
Rent
$28,000
Utilities
$10,500
Health Care
$2,600
Mortgage Interest
$39,300

Lender Information

Servicing Lender
Commercial Bank
Originating Lender
Commercial Bank

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