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Fernelius Chevrolet INC

$160,000 PPP Loan in Rose City, Michigan

Loan Details

Loan Number
9541317008
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$160,000
Current Approval
$160,000
Forgiveness Amount
$161,431
Forgiveness Date
Mar 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Fernelius Chevrolet INC
Address
113 S. Bennett St.
City
Rose City
State
Michigan
ZIP Code
48654-0241
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$120,000
Utilities
$6,400
Mortgage Interest
$7,200
Debt Interest
$26,400

Lender Information

Servicing Lender
Huron Community Bank
Originating Lender
Huron Community Bank

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