Covert Ford of Hutto, INC

$1,071,384 PPP Loan in Hutto, Texas

Loan Details

Loan Number
9516417001
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,071,384
Current Approval
$1,071,384
Forgiveness Amount
$1,083,721
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Covert Ford of Hutto, INC
Address
1200a E Hwy 79 0.0
City
Hutto
State
Texas
ZIP Code
78634-5699
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
71
Estimated Revenue
$17.9M
Rural/Urban
Urban
Congressional District
TX-31

Loan Use Breakdown

Payroll
$813,586
Rent
$85,000
Utilities
$20,500
Health Care
$43,522
Mortgage Interest
$108,776

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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