Jerry's Tire & Auto Service INC

$470,700 PPP Loan in Lake Odessa, Michigan

Loan Details

Loan Number
5370447008
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$470,700
Current Approval
$470,700
Forgiveness Amount
$473,642
Forgiveness Date
Nov 25, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Jerry's Tire & Auto Service INC
Address
1413 2nd St
ZIP Code
48849-1121
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423130)
Business Age
Existing or more than 2 years old
Jobs Reported
50
Estimated Revenue
$15.3M
Rural/Urban
Rural
Congressional District
MI-02

Loan Use Breakdown

Payroll
$375,000
Rent
$20,000
Utilities
$40,000
Health Care
$20,000
Mortgage Interest
$15,700

Lender Information

Servicing Lender
Union Bank
Originating Lender
Union Bank

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