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Lynn Layton Ford INC

$630,200 PPP Loan in Decatur, Alabama

Loan Details

Loan Number
4955077005
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$630,200
Current Approval
$556,532
Forgiveness Amount
$561,046
Forgiveness Date
Jan 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lynn Layton Ford INC
Address
3300 Highway 31
City
Decatur
State
Alabama
ZIP Code
35603-1410
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
56
Estimated Revenue
$14.1M
Rural/Urban
Rural
Congressional District
AL-05

Loan Use Breakdown

Payroll
$445,225
Rent
$111,307

Lender Information

Servicing Lender
United Community Bank
Originating Lender
United Community Bank

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