Dean Arbour Ford-Mercury of Tawas, Inc.

$323,700 PPP Loan in Tawas City, Michigan

Loan Details

Loan Number
6318437002
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$323,700
Current Approval
$323,700
Forgiveness Amount
$325,849
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Dean Arbour Ford-Mercury of Tawas, Inc.
Address
55 W M 55
ZIP Code
48763-8212
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
31
Estimated Revenue
$7.8M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$243,700
Rent
$32,000
Utilities
$8,000
Health Care
$12,000
Debt Interest
$28,000

Lender Information

Servicing Lender
Huron Community Bank
Originating Lender
Huron Community Bank

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