Mike Reed Chevrolet, INC

$448,200 PPP Loan in Hinesville, Georgia

Loan Details

Loan Number
8856877001
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$448,200
Current Approval
$448,200
Forgiveness Amount
$452,022
Forgiveness Date
Feb 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mike Reed Chevrolet, INC
Address
1559 E. Oglethorpe Highway
State
Georgia
ZIP Code
31313-1209
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441120)
Franchise
General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$11.8M
Rural/Urban
Urban
Congressional District
GA-01

Loan Use Breakdown

Payroll
$336,150
Rent
$112,050

Lender Information

Servicing Lender
The First Bank
Originating Lender
Heritage Bank, a Division of the First Bank

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