Forrester Lincoln Mercury INC

$500,180 PPP Loan in Chambersburg, Pennsylvania

Loan Details

Loan Number
7864107108
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$500,180
Current Approval
$500,180
Forgiveness Amount
$503,003
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Forrester Lincoln Mercury INC
Address
832 Lincoln Way East
ZIP Code
17201
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
49
Estimated Revenue
$12.3M
Rural/Urban
Rural
Congressional District
PA-13

Loan Use Breakdown

Payroll
$364,167
Rent
$69,600
Utilities
$4,000
Health Care
$26,000
Debt Interest
$36,413

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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