Motor City Chevrolet Buick Gmc, Inc.

$242,331 PPP Loan in Kewanee, Illinois

Loan Details

Loan Number
6870687000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$242,331
Current Approval
$242,331
Forgiveness Amount
$244,122
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Motor City Chevrolet Buick Gmc, Inc.
Address
1511 Railroad Ave
ZIP Code
61443-1502
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
Business Age
New Business or 2 years or less
Jobs Reported
25
Estimated Revenue
$6.3M
Rural/Urban
Rural
Congressional District
IL-17

Loan Use Breakdown

Payroll
$242,331

Lender Information

Servicing Lender
Peoples National Bank of Kewanee
Originating Lender
Peoples National Bank of Kewanee

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