Wally Edgar Chevrolet INC

$1,172,955 PPP Loan in Lake Orion, Michigan

Loan Details

Loan Number
7526037304
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$1,172,955
Current Approval
$1,172,955
Forgiveness Amount
$1,186,525
Forgiveness Date
Jun 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Wally Edgar Chevrolet INC
Address
3805 S. Lapeer Rd 0.0
ZIP Code
48360-2464
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
99
Estimated Revenue
$24.9M
Rural/Urban
Urban
Congressional District
MI-09

Loan Use Breakdown

Payroll
$883,952
Rent
$130,000
Utilities
$18,724
Health Care
$140,279

Lender Information

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

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