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Car Zone Inc.

$295,015 PPP Loan in Otsego, Michigan

Loan Details

Loan Number
5967287109
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$295,015
Current Approval
$122,728
Forgiveness Amount
$123,454
Forgiveness Date
Dec 8, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Car Zone Inc.
Address
1370 East M 89
City
Otsego
State
Michigan
ZIP Code
49078
Business Type
Corporation
Industry (NAICS)
Retail Trade (441120)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$7.6M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$98,182
Rent
$12,274
Utilities
$12,272

Lender Information

Servicing Lender
Horizon Bank
Originating Lender
Horizon Bank

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