Schaffer Motor Sales, Inc.

$136,500 PPP Loan in Willard, Ohio

Loan Details

Loan Number
4912877009
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$136,500
Current Approval
$136,500
Forgiveness Amount
$137,383
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Schaffer Motor Sales, Inc.
Address
312 E Walton St
State
Ohio
ZIP Code
44890-9111
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Chrysler - Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
OH-05

Loan Use Breakdown

Payroll
$102,375
Rent
$9,775
Utilities
$2,900
Debt Interest
$21,450

Lender Information

Servicing Lender
Sutton Bank
Originating Lender
Sutton Bank

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