Mike Erdman Motors, Inc.

$1,140,000 PPP Loan in Cocoa, Florida

Loan Details

Loan Number
4832317005
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$1,140,000
Current Approval
$1,140,000
Forgiveness Amount
$1,147,727
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Mike Erdman Motors, Inc.
Address
4640 Highway 520
City
Cocoa
State
Florida
ZIP Code
32926-3222
Business Type
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
126
Estimated Revenue
$31.8M
Rural/Urban
Urban
Congressional District
FL-08

Loan Use Breakdown

Payroll
$1,140,000

Lender Information

Servicing Lender
Paradise Bank
Originating Lender
Paradise Bank

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