Al Meyer Ford, Inc.

$450,500 PPP Loan in Lufkin, Texas

Loan Details

Loan Number
6699507002
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$450,500
Current Approval
$450,500
Forgiveness Amount
$453,487
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Al Meyer Ford, Inc.
Address
800 N Medford Dr
City
Lufkin
State
Texas
ZIP Code
75901-5222
Business Type
Corporation
Industry (NAICS)
Retail Trade (441120)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
54
Estimated Revenue
$13.6M
Rural/Urban
Rural
Congressional District
TX-17

Loan Use Breakdown

Payroll
$360,414
Utilities
$90,086

Lender Information

Servicing Lender
Commercial Bank of Texas, N.a.
Originating Lender
Commercial Bank of Texas, N.a.

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