Alma Autosales Company, INC

$197,000 PPP Loan in Alma, Michigan

Loan Details

Loan Number
6576047006
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$197,000
Current Approval
$197,000
Forgiveness Amount
$199,229
Forgiveness Date
Jun 3, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Alma Autosales Company, INC
Address
2051 W Monroe Rd
City
Alma
ZIP Code
48801-9762
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
31
Estimated Revenue
$7.8M
Rural/Urban
Rural
Congressional District
MI-02

Loan Use Breakdown

Payroll
$147,750
Rent
$45,000
Utilities
$4,250

Lender Information

Servicing Lender
Isabella Bank
Originating Lender
Isabella Bank

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