Desoto Automotive Enterprises, INC

$787,947 PPP Loan in Arcadia, Florida

Loan Details

Loan Number
5343307202
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$787,947
Current Approval
$787,947
Forgiveness Amount
$794,141
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Desoto Automotive Enterprises, INC
Address
3039 SE Hwy 70
State
Florida
ZIP Code
34266-8599
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
70
Estimated Revenue
$17.6M
Rural/Urban
Rural
Congressional District
FL-18

Loan Use Breakdown

Payroll
$787,947

Lender Information

Servicing Lender
Ally Bank
Originating Lender
Ally Bank

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