Woolwine Ford Lincoln, Inc.

$707,921 PPP Loan in Collins, Mississippi

Loan Details

Loan Number
8194857006
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$707,921
Current Approval
$707,921
Forgiveness Amount
$715,433
Forgiveness Date
May 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Woolwine Ford Lincoln, Inc.
Address
3040 U S Highway 49
ZIP Code
39428-4565
Business Type
Corporation
Industry (NAICS)
Retail Trade (441120)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
New Business or 2 years or less
Jobs Reported
47
Estimated Revenue
$11.8M
Rural/Urban
Rural
Congressional District
MS-03

Loan Use Breakdown

Payroll
$530,941
Rent
$14,158
Utilities
$35,396
Mortgage Interest
$127,426

Lender Information

Servicing Lender
The First Bank
Originating Lender
The First Bank

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