Thornton Chevrolet, Inc.

$488,200 PPP Loan in Manchester, Pennsylvania

Loan Details

Loan Number
9574927108
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$488,200
Current Approval
$488,200
Forgiveness Amount
$494,206
Forgiveness Date
Jul 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Thornton Chevrolet, Inc.
Address
180 South Main Street
ZIP Code
17345
Business Type
Subchapter S 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
52
Estimated Revenue
$13.1M
Rural/Urban
Urban
Congressional District
PA-10

Loan Use Breakdown

Payroll
$377,400
Rent
$70,000
Utilities
$12,462
Health Care
$28,338

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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