Meighan Auto Acquisitions INC

$582,750 PPP Loan in Gadsden, Alabama

Loan Details

Loan Number
9152767010
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$582,750
Current Approval
$582,750
Forgiveness Amount
$587,444
Forgiveness Date
Feb 3, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Meighan Auto Acquisitions INC
Address
413 E Meighan Blvd
State
Alabama
ZIP Code
35903-1050
Business Type
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
100
Estimated Revenue
$25.2M
Rural/Urban
Rural
Congressional District
AL-04

Loan Use Breakdown

Payroll
$550,000
Rent
$20,000
Utilities
$12,750

Lender Information

Servicing Lender
First Bank of Boaz
Originating Lender
First Bank of Boaz

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