Independence Chevrolet-Cadillac, Inc.

$339,730 PPP Loan in Bloomsburg, Pennsylvania

Loan Details

Loan Number
8261347105
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$339,730
Current Approval
$339,730
Forgiveness Amount
$303,230
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Independence Chevrolet-Cadillac, Inc.
Address
420 Central Road
ZIP Code
17815
Business Type
Subchapter S 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
32
Estimated Revenue
$8.1M
Rural/Urban
Rural
Congressional District
PA-09

Loan Use Breakdown

Payroll
$265,730
Rent
$40,000
Utilities
$6,000
Health Care
$25,000
Debt Interest
$3,000

Lender Information

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

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