Crossroads Ford of Indian Trail, INC

$1,166,050 PPP Loan in Monroe, North Carolina

Loan Details

Loan Number
6955527204
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$1,166,050
Current Approval
$1,166,050
Forgiveness Amount
$1,183,055
Forgiveness Date
Oct 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Crossroads Ford of Indian Trail, INC
Address
88 Dale Jarrett Blvd
City
Monroe
ZIP Code
28110-8587
Business Type
Subchapter S 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
114
Estimated Revenue
$28.7M
Rural/Urban
Urban
Congressional District
NC-08

Loan Use Breakdown

Payroll
$932,840
Rent
$190,000
Utilities
$43,210

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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