West Chevrolet, Inc.

$1,149,200 PPP Loan in Alcoa, Tennessee

Loan Details

Loan Number
7288457000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,149,200
Current Approval
$1,149,200
Forgiveness Amount
$1,159,256
Forgiveness Date
Mar 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
West Chevrolet, Inc.
Address
3450 Alcoa Hwy
City
Alcoa
ZIP Code
37701-3235
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
90
Estimated Revenue
$22.7M
Rural/Urban
Rural
Congressional District
TN-02

Loan Use Breakdown

Payroll
$899,147
Rent
$141,990
Utilities
$24,988
Health Care
$83,075

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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