Gus Machado Ford, Inc.

$1,234,200 PPP Loan in Hialeah, Florida

Loan Details

Loan Number
4725387009
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$1,234,200
Current Approval
$1,234,200
Forgiveness Amount
$1,242,291
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Gus Machado Ford, Inc.
Address
1200 W. 49th Street
State
Florida
ZIP Code
33012-3217
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
103
Estimated Revenue
$26.0M
Rural/Urban
Urban
Congressional District
FL-26

Loan Use Breakdown

Payroll
$925,650
Utilities
$308,550

Lender Information

Servicing Lender
City National Bank of Florida
Originating Lender
City National Bank of Florida

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