Hemel's Chevrolet, Inc.
$119,745 PPP Loan in Colon, Michigan
Loan Details
- Loan Number
- 7004617010
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $119,745
- Current Approval
- $119,745
- Forgiveness Amount
- $120,559
- Forgiveness Date
- Dec 15, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Hemel's Chevrolet, Inc.
- Address
- 215 E State St
- City
- Colon
- State
- Michigan
- ZIP Code
- 49040-9433
- 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
- Existing or more than 2 years old
- Jobs Reported
- 9
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MI-05
Loan Use Breakdown
- Payroll
- $95,796
- Rent
- $8,000
- Utilities
- $3,886
- Health Care
- $3,072
- Mortgage Interest
- $3,940
- Debt Interest
- $5,051
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
Other PPP Loans in Colon, MI
| Business | Approved | |
|---|---|---|
| Hemel's Chevrolet Inc. | $116,635 |  AI Deep Dive |
| Joseph G Smolarz DDS PC | $114,945 | AI Deep Dive |
| Curly's INC | $103,544 | AI Deep Dive |
| Curly's INC | $73,961 | AI Deep Dive |
| Dawn & Phil's Cafe LLC | $71,319 | AI Deep Dive |
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