Gem City Tire, Inc.

$1,893,500 PPP Loan in Dayton, Ohio

Loan Details

Loan Number
6419137005
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,893,500
Current Approval
$1,893,500
Forgiveness Amount
$1,915,591
Forgiveness Date
Jun 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Gem City Tire, Inc.
Address
2531 Needmore Road
City
Dayton
State
Ohio
ZIP Code
45414-4203
Business Type
Corporation
Industry (NAICS)
Retail Trade (441320)
Business Age
Existing or more than 2 years old
Jobs Reported
158
Estimated Revenue
$42.7M
Rural/Urban
Urban
Congressional District
OH-10

Loan Use Breakdown

Payroll
$1,503,983
Rent
$289,231
Utilities
$48,000
Mortgage Interest
$42,000
Debt Interest
$10,286

Lender Information

Servicing Lender
Commerce Bank
Originating Lender
Commerce Bank

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