Richardson Chevrolet Buick, INC

$499,000 PPP Loan in Standish, Michigan

Loan Details

Loan Number
7130557104
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$499,000
Current Approval
$499,000
Forgiveness Amount
$502,160
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Richardson Chevrolet Buick, INC
Address
501 N Main Street
ZIP Code
48658-0001
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
49
Estimated Revenue
$12.3M
Rural/Urban
Rural
Congressional District
MI-05

Loan Use Breakdown

Payroll
$492,000
Utilities
$7,000

Lender Information

Servicing Lender
Huron Community Bank
Originating Lender
Huron Community Bank

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