Lannan Chevrolet
$749,600 PPP Loan in Woburn, Massachusetts
Loan Details
- Loan Number
- 6346427105
- Date Approved
- Apr 14, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $749,600
- Current Approval
- $749,600
- Forgiveness Amount
- $755,222
- Forgiveness Date
- Jan 20, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Lannan Chevrolet
- Address
- 40 Winn St
- City
- Woburn
- State
- Massachusetts
- ZIP Code
- 01801-2835
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 57
- Estimated Revenue
- $14.4M
- Rural/Urban
- Urban
- Congressional District
- MA-05
Loan Use Breakdown
- Payroll
- $590,000
- Rent
- $96,000
- Utilities
- $18,000
- Health Care
- $45,600
Lender Information
- Servicing Lender
- Enterprise Bank and Trust Company
- Originating Lender
- Enterprise Bank and Trust Company
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