Highpoint Auto & Truck Center INC
$568,390 PPP Loan in Cadillac, Michigan
Loan Details
- Loan Number
- 6507957004
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $568,390
- Current Approval
- $568,390
- Forgiveness Amount
- $572,112
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Highpoint Auto & Truck Center INC
- Address
- 7555 US Highway 131
- City
- Cadillac
- State
- Michigan
- ZIP Code
- 49601-8439
- Business Type
- Corporation
- Industry (NAICS)
- Management of Companies and Enterprises (551112)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 46
- Estimated Revenue
- $7.6M
- Rural/Urban
- Rural
- Congressional District
- MI-04
Loan Use Breakdown
- Payroll
- $454,714
- Rent
- $28,000
- Utilities
- $9,423
- Health Care
- $24,325
- Debt Interest
- $51,928
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
Other PPP Loans in Cadillac, MI
| Business | Approved | |
|---|---|---|
| Cadillac Casting, INC | $5,882,925 |  Research |
| Zhongding USA Cadillac INC | $1,943,467 | Research |
| Heritage Broadcasting Company of Michigan | $1,699,078 | Research |
| Brooks & Perkins, Inc. | $812,032 | Research |
| Van Drie Furniture Company of Cadillac, Inc. | $615,616 | Research |
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