Mike Bailey Motors, INC

$119,800 PPP Loan in Henryetta, Oklahoma

Loan Details

Loan Number
6642387002
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$119,800
Current Approval
$119,800
Forgiveness Amount
$120,510
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mike Bailey Motors, INC
Address
812 Industrial Rd
ZIP Code
74437-9199
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$5.8M
Rural/Urban
Rural
Congressional District
OK-02

Loan Use Breakdown

Payroll
$89,850
Rent
$6,000
Utilities
$2,000
Health Care
$4,320
Debt Interest
$17,630

Lender Information

Servicing Lender
Mabrey Bank
Originating Lender
Mabrey Bank

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