Bowman Auto Group, INC

$1,200,000 PPP Loan in Clarkston, Michigan

Loan Details

Loan Number
4851347009
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$1,200,000
Current Approval
$1,200,000
Forgiveness Amount
$1,211,667
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Bowman Auto Group, INC
Address
9603 Dixie Hwy
ZIP Code
48348-4143
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
125
Estimated Revenue
$31.5M
Rural/Urban
Urban
Congressional District
MI-09

Loan Use Breakdown

Payroll
$1,061,000
Rent
$119,000
Utilities
$20,000

Lender Information

Servicing Lender
Waterford Bank, National Association
Originating Lender
Waterford Bank, National Association

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