Laurel Ford Mississippi, INC

$551,390 PPP Loan in Laurel, Mississippi

Loan Details

Loan Number
6550817003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$551,390
Current Approval
$551,390
Forgiveness Amount
$556,720
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Laurel Ford Mississippi, INC
Address
2018 Highway 15 N
City
Laurel
ZIP Code
39440-1837
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
58
Estimated Revenue
$14.6M
Rural/Urban
Rural
Congressional District
MS-04

Loan Use Breakdown

Payroll
$413,542
Rent
$90,000
Utilities
$10,426
Health Care
$37,422

Lender Information

Servicing Lender
The First Bank
Originating Lender
The First Bank

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