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Burt Watson Chevrolet, Inc.

$1,109,800 PPP Loan in Freeland, Michigan

Loan Details

Loan Number
9796547009
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,109,800
Current Approval
$1,109,800
Forgiveness Amount
$1,123,118
Forgiveness Date
Jun 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Burt Watson Chevrolet, Inc.
Address
7468 Midland Road
City
Freeland
State
Michigan
ZIP Code
48623-8940
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
109
Estimated Revenue
$27.5M
Rural/Urban
Rural
Congressional District
MI-08

Loan Use Breakdown

Payroll
$974,500
Rent
$79,500
Utilities
$23,800
Health Care
$32,000

Lender Information

Servicing Lender
1st State Bank
Originating Lender
1st State Bank

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