Lynn Layton Chevrolet INC
$1,244,000 PPP Loan in Decatur, Alabama
Loan Details
- Loan Number
- 4927087000
- Date Approved
- Apr 4, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,244,000
- Current Approval
- $1,070,070
- Forgiveness Amount
- $1,081,870
- Forgiveness Date
- May 13, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Lynn Layton Chevrolet INC
- Address
- 2416 Highway 31 South
- City
- Decatur
- State
- Alabama
- ZIP Code
- 35601
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 94
- Estimated Revenue
- $23.7M
- Rural/Urban
- Rural
- Congressional District
- AL-05
Loan Use Breakdown
- Payroll
- $856,070
- Rent
- $107,000
- Debt Interest
- $107,000
Lender Information
- Servicing Lender
- United Community Bank
- Originating Lender
- United Community Bank
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|---|---|---|
| Encore Rehabilitation INC | $10,000,000 |  Research |
| Rcf LLC | $4,352,527 | Research |
| Alliance Source Testing, LLC | $2,644,600 | Research |
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| White Oak Transportation, INC | $2,257,500 | Research |
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