Marion Chevrolet Buick Gmc, Inc.

$286,900 PPP Loan in Marion, Virginia

Loan Details

Loan Number
4826217003
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$286,900
Current Approval
$286,900
Forgiveness Amount
$289,549
Forgiveness Date
Mar 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Marion Chevrolet Buick Gmc, Inc.
Address
1025 N Main St
City
Marion
ZIP Code
24354-4119
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
24
Estimated Revenue
$6.0M
Rural/Urban
Rural
Congressional District
VA-09

Loan Use Breakdown

Payroll
$252,900
Rent
$18,000
Utilities
$16,000

Lender Information

Servicing Lender
The Bank of Marion
Originating Lender
The Bank of Marion

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