Krapohl Ford & Lincoln
$1,093,900 PPP Loan in Mount Pleasant, Michigan
Loan Details
- Loan Number
- 5622727006
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,093,900
- Current Approval
- $1,093,900
- Forgiveness Amount
- $1,101,033
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Krapohl Ford & Lincoln
- Address
- 1415 E Pickard
- City
- Mount Pleasant
- State
- Michigan
- ZIP Code
- 48858-1905
- 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
- 78
- Estimated Revenue
- $19.7M
- Rural/Urban
- Rural
- Congressional District
- MI-02
Loan Use Breakdown
- Payroll
- $807,400
- Rent
- $72,000
- Utilities
- $40,000
- Health Care
- $90,000
- Mortgage Interest
- $14,500
- Debt Interest
- $70,000
Lender Information
- Servicing Lender
- Isabella Bank
- Originating Lender
- Isabella Bank
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