Mccormick Motors INC
$427,000 PPP Loan in Nappanee, Indiana
Loan Details
- Loan Number
- 7545227003
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $427,000
- Current Approval
- $427,000
- Forgiveness Amount
- $431,555
- Forgiveness Date
- May 6, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Mccormick Motors INC
- Address
- 1255 W Market St
- City
- Nappanee
- State
- Indiana
- ZIP Code
- 46550-1725
- 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
- 57
- Estimated Revenue
- $14.4M
- Rural/Urban
- Urban
- Congressional District
- IN-02
Loan Use Breakdown
- Payroll
- $370,195
- Rent
- $14,305
- Utilities
- $11,000
- Health Care
- $31,500
Lender Information
- Servicing Lender
- Lake City Bank
- Originating Lender
- Lake City Bank
Other PPP Loans in Nappanee, IN
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|---|---|---|
| Challenger Door, Llc. | $4,891,500 |  Research |
| Atc Trailers Holdings, Inc. | $4,841,200 | Research |
| Gulf Stream Coach, Inc. | $4,286,300 | Research |
| Intech Trailers Inc. | $2,304,700 | Research |
| Chase Manufacturing, LLC | $1,327,200 | Research |
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