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Lafontaine Import Motors INC

$672,500 PPP Loan in Dearborn, Michigan

Loan Details

Loan Number
5109097006
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$672,500
Current Approval
$672,500
Forgiveness Amount
$680,257
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lafontaine Import Motors INC
Address
2245 Telegraph Rd
City
Dearborn
State
Michigan
ZIP Code
48124-2554
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
83
Estimated Revenue
$20.9M
Rural/Urban
Urban
Congressional District
MI-12

Loan Use Breakdown

Payroll
$672,500

Lender Information

Servicing Lender
The State Bank
Originating Lender
The State Bank

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