Michigan City Motors, INC

$202,280 PPP Loan in Michigan City, Indiana

Loan Details

Loan Number
9027967001
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$202,280
Current Approval
$202,280
Forgiveness Amount
$203,715
Forgiveness Date
Jan 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Michigan City Motors, INC
Address
4411 Michigan Blvd
State
Indiana
ZIP Code
46360-3154
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$5.8M
Rural/Urban
Rural
Congressional District
IN-01

Loan Use Breakdown

Payroll
$161,824
Rent
$10,114
Utilities
$10,114
Mortgage Interest
$10,114
Debt Interest
$10,114

Lender Information

Servicing Lender
Horizon Bank
Originating Lender
Horizon Bank

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