PPP Loan information for Babb ford sales inc

$224,342

Babb ford sales inc was initially approved for PPP Loan of amount $224,342, the current approved amount is $224,342. The loan was approved on 04/07/2020 by The Lake-Osceola State Bank reported 32 jobs and $224,342 was used to fund payroll.

Babb ford sales inc is Existing or more than 2 years old

PPP Loan Search / MI / REED CITY / Babb ford sales inc

BABB FORD SALES INC

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

BABB FORD SALES INC

Borrower Address

21351 MAPLE AVE

Borrower City

REED CITY

Borrower State

MI

Borrower Zip

49677-8610

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

224342.00

Current Approval Amount

224342.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

33549

Servicing Lender Name

Lake-Osceola State Bank

Servicing Lender Address

790 Michigan Ave

Servicing Lender City

BALDWIN

Servicing Lender State

MI

Servicing Lender Zip

49304-7126

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

REED CITY

Project County Name

OSCEOLA

Project State

MI

Project Zip

49677-8610

CD

MI-02

Jobs Reported

32

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

224342.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

33549

Originating Lender

Lake-Osceola State Bank

Originating Lender City

BALDWIN

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

225831.38

Forgiveness Date

12/09/2020

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