Mervis Motors INC

$771,000 PPP Loan in Richmond, Indiana

Loan Details

Loan Number
8859327006
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$771,000
Current Approval
$771,000
Forgiveness Amount
$778,330
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mervis Motors INC
Address
3505 Chester Blvd
State
Indiana
ZIP Code
47374-1020
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Chrysler - Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
68
Estimated Revenue
$17.1M
Rural/Urban
Rural
Congressional District
IN-06

Loan Use Breakdown

Payroll
$771,000

Lender Information

Servicing Lender
Bmo Bank National Association
Originating Lender
Bmo Bank National Association

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