M&m Luxury Automotive, LLC

$1,642,000 PPP Loan in Utica, Michigan

Loan Details

Loan Number
4871847003
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$1,642,000
Current Approval
$1,642,000
Forgiveness Amount
$1,654,224
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
M&m Luxury Automotive, LLC
Address
45001 North Pointe Blvd
City
Utica
ZIP Code
48318-9010
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Franchise
Toyota Motors Sales, U.s.a., Inc. - Dealer Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
137
Estimated Revenue
$34.5M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$1,313,600
Rent
$246,300
Utilities
$82,100

Lender Information

Servicing Lender
Central Bank & Trust Co.
Originating Lender
Central Bank & Trust Co.

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