Todd Wenzel Chevrolet, Inc.
$966,397 PPP Loan in Hudsonville, Michigan
Loan Details
- Loan Number
- 7061047001
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $966,397
- Current Approval
- $966,397
- Forgiveness Amount
- $972,725
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Todd Wenzel Chevrolet, Inc.
- Address
- 3156 Highland Blvd
- City
- Hudsonville
- State
- Michigan
- ZIP Code
- 49426-9455
- 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
- 84
- Estimated Revenue
- $21.2M
- Rural/Urban
- Urban
- Congressional District
- MI-04
Loan Use Breakdown
- Payroll
- $773,118
- Rent
- $156,000
- Utilities
- $37,279
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
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