Velde Cadillac Buick Gmc INC

$400,900 PPP Loan in Pekin, Illinois

Loan Details

Loan Number
5467347107
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$400,900
Current Approval
$400,900
Forgiveness Amount
$403,807
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Velde Cadillac Buick Gmc INC
Address
2220 N 8th St
City
Pekin
ZIP Code
61554-1543
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
67
Estimated Revenue
$16.9M
Rural/Urban
Urban
Congressional District
IL-16

Loan Use Breakdown

Payroll
$400,900

Lender Information

Servicing Lender
Morton Community Bank
Originating Lender
Morton Community Bank

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