Pearson Ford, Inc.

$1,562,500 PPP Loan in Zionsville, Indiana

Loan Details

Loan Number
5051917010
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$1,562,500
Current Approval
$1,562,500
Forgiveness Amount
$1,573,438
Forgiveness Date
Dec 21, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Pearson Ford, Inc.
Address
10650 N Michigan Rd
State
Indiana
ZIP Code
46077-9261
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
135
Estimated Revenue
$34.0M
Rural/Urban
Urban
Congressional District
IN-05

Loan Use Breakdown

Payroll
$1,247,048
Rent
$120,000
Utilities
$25,000
Health Care
$40,500
Debt Interest
$129,952

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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