Kerlin Motor Company INC

$269,600 PPP Loan in Silver Lake, Indiana

Loan Details

Loan Number
5553817004
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$269,600
Current Approval
$269,600
Forgiveness Amount
$271,615
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Kerlin Motor Company INC
Address
9944 S State Rd 15
State
Indiana
ZIP Code
46982-8838
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$6.3M
Rural/Urban
Rural
Congressional District
IN-02

Loan Use Breakdown

Payroll
$215,758
Rent
$6,000
Utilities
$6,654
Health Care
$12,172
Debt Interest
$29,016

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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