Crossroads Ford of Kernersville, INC

$680,717 PPP Loan in Kernersville, North Carolina

Loan Details

Loan Number
7182157202
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$680,717
Current Approval
$680,717
Forgiveness Amount
$690,625
Forgiveness Date
Oct 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Crossroads Ford of Kernersville, INC
Address
1330 Nc Highway 66 S
ZIP Code
27284-3539
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
74
Estimated Revenue
$18.6M
Rural/Urban
Urban
Congressional District
NC-06

Loan Use Breakdown

Payroll
$544,574
Rent
$110,000
Utilities
$26,143

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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