Palmen Automotive Group of Racine, Inc.
$870,311 PPP Loan in Racine, Wisconsin
Loan Details
- Loan Number
- 9632657000
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $870,311
- Current Approval
- $870,311
- Forgiveness Amount
- $878,935
- Forgiveness Date
- Apr 12, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Palmen Automotive Group of Racine, Inc.
- Address
- 8320 Washington Avenue 0.0
- City
- Racine
- State
- Wisconsin
- ZIP Code
- 53406-3733
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 53
- Estimated Revenue
- $13.4M
- Rural/Urban
- Urban
- Congressional District
- WI-01
Loan Use Breakdown
- Payroll
- $696,249
- Rent
- $84,000
- Utilities
- $17,594
- Health Care
- $37,468
- Debt Interest
- $35,000
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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