West Herr Chevrolet INC

$2,075,525 PPP Loan in Orchard Park, New York

Loan Details

Loan Number
7895397106
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$2,075,525
Current Approval
$2,075,525
Forgiveness Amount
$2,099,010
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
West Herr Chevrolet INC
Address
5025 Southwestern Blvd & 3575 Southwestern Blvd
ZIP Code
14127
Business Type
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
127
Estimated Revenue
$32.0M
Rural/Urban
Urban
Congressional District
NY-23

Loan Use Breakdown

Payroll
$1,532,696
Rent
$399,629
Utilities
$50,000
Health Care
$38,200
Debt Interest
$55,000

Lender Information

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

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