Watson Benzie, LLC

$319,390 PPP Loan in Benzonia, Michigan

Loan Details

Loan Number
6382027002
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$319,390
Current Approval
$319,390
Forgiveness Amount
$322,078
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Watson Benzie, LLC
Address
1514 Benzie Hwy
ZIP Code
49616-9650
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Franchise
Chrysler - Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$7.1M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$277,869
Rent
$19,163
Utilities
$11,179
Health Care
$9,582
Debt Interest
$1,597

Lender Information

Servicing Lender
Honor Bank
Originating Lender
Honor Bank

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