Victory Lane Ford, Inc.
$417,055 PPP Loan in Litchfield, Illinois
Loan Details
- Loan Number
- 7602807008
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $417,055
- Current Approval
- $417,055
- Forgiveness Amount
- $420,762
- Forgiveness Date
- Feb 25, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Victory Lane Ford, Inc.
- Address
- 903 N Old Route 66
- City
- Litchfield
- State
- Illinois
- ZIP Code
- 62056-1071
- Business Type
- 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
- 41
- Estimated Revenue
- $10.3M
- Rural/Urban
- Rural
- Congressional District
- IL-15
Loan Use Breakdown
- Payroll
- $324,291
- Rent
- $12,466
- Utilities
- $4,481
- Health Care
- $9,355
- Debt Interest
- $66,462
Lender Information
- Servicing Lender
- The Litchfield National Bank
- Originating Lender
- The Litchfield National Bank
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