Todd Wenzel Buick Gmc, Inc.
$1,641,824 PPP Loan in Grand Rapids, Michigan
Loan Details
- Loan Number
- 7044857006
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,641,824
- Current Approval
- $1,641,824
- Forgiveness Amount
- $1,652,575
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Todd Wenzel Buick Gmc, Inc.
- Address
- 2727 28th St SE
- City
- Grand Rapids
- State
- Michigan
- ZIP Code
- 49512-1610
- 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
- 129
- Estimated Revenue
- $32.5M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $1,313,460
- Rent
- $238,820
- Utilities
- $46,007
- Debt Interest
- $43,537
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
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