Valley Ford of Huron, INC

$285,820 PPP Loan in Huron, Ohio

Loan Details

Loan Number
7346447301
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$285,820
Current Approval
$285,820
Forgiveness Amount
$289,314
Forgiveness Date
Jul 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Valley Ford of Huron, INC
Address
55 Cleveland Rd E 0.0
City
Huron
State
Ohio
ZIP Code
44839-1744
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
New Business or 2 years or less
Jobs Reported
28
Estimated Revenue
$7.1M
Rural/Urban
Urban
Congressional District
OH-09

Loan Use Breakdown

Payroll
$218,000
Rent
$35,765
Utilities
$2,400
Health Care
$11,000
Debt Interest
$18,655

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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