Saint Johns Ford Mecury Sales, INC

$392,067 PPP Loan in Saint Johns, Michigan

Loan Details

Loan Number
7812887008
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$392,067
Current Approval
$392,067
Forgiveness Amount
$395,805
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Saint Johns Ford Mecury Sales, INC
Address
2380 US Highway 27 Po Box 154
ZIP Code
48879-9101
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
27
Estimated Revenue
$6.8M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$294,050
Rent
$35,000
Utilities
$27,038
Health Care
$35,979

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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