Gateway of Sturgis, L.l.c.

$517,200 PPP Loan in Sturgis, Michigan

Loan Details

Loan Number
5567677000
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$517,200
Current Approval
$517,200
Forgiveness Amount
$521,409
Forgiveness Date
Feb 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Gateway of Sturgis, L.l.c.
Address
227 W Chiago St
ZIP Code
49091-1706
Business Type
Limited Liability Company(llc)
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
58
Estimated Revenue
$14.6M
Rural/Urban
Rural
Congressional District
MI-05

Loan Use Breakdown

Payroll
$397,845
Rent
$48,000
Utilities
$55,416
Health Care
$15,939

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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