Mcgrath Motors, Inc.

$1,060,300 PPP Loan in Saint Charles, Illinois

Loan Details

Loan Number
4903847205
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$1,060,300
Current Approval
$1,060,300
Forgiveness Amount
$1,069,519
Forgiveness Date
Mar 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mcgrath Motors, Inc.
Address
1411 E. Main Street
ZIP Code
60174-2342
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Honda Automobile Division - Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
94
Estimated Revenue
$23.7M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$848,302
Mortgage Interest
$211,998

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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