Grubbs Infiniti, Ltd.

$4,043,385 PPP Loan in Grapevine, Texas

Loan Details

Loan Number
5389557006
Date Approved
Apr 5, 2020
Loan Status
Exemption 4
Initial Approval
$4,043,385
Current Approval
$4,043,385
Forgiveness Amount
$2,357,050
Forgiveness Date
Mar 4, 2022
Term
60 months
Draw
First Draw

Business Information

Business Name
Grubbs Infiniti, Ltd.
Address
1500 E State Highway 114
State
Texas
ZIP Code
76051-7734
Business Type
Partnership
Industry (NAICS)
Retail Trade (441110)
Franchise
Infiniti Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
163
Estimated Revenue
$41.1M
Rural/Urban
Urban
Congressional District
TX-24

Loan Use Breakdown

Payroll
$3,032,539
Utilities
$505,423
Mortgage Interest
$505,423

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
First Source Federal Credit Union

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