Muskegon Car Credit, Inc.

$1,398,257 PPP Loan in Wyoming, Michigan

Loan Details

Loan Number
7652967008
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,398,257
Current Approval
$1,398,257
Forgiveness Amount
$1,414,462
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Muskegon Car Credit, Inc.
Address
1515 28th Street SW
ZIP Code
49509-2707
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
124
Estimated Revenue
$31.2M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$1,072,178
Rent
$181,550
Utilities
$44,445
Health Care
$52,084
Debt Interest
$48,000

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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