PPP Loan information for Borgman ford sales, inc.

$1,482,920

Borgman ford sales, inc. was initially approved for PPP Loan of amount $1,482,920, the current approved amount is $1,482,920. The loan was approved on 04/10/2020 by The Fifth Third Bank reported 126 jobs and $1,482,920 was used to fund payroll.

Borgman ford sales, inc. is New Business or 2 years or less

PPP Loan Search / MI / GRANDVILLE / Borgman ford sales, inc.

BORGMAN FORD SALES, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

BORGMAN FORD SALES, INC.

Borrower Address

3150 28TH ST SW

Borrower City

GRANDVILLE

Borrower State

MI

Borrower Zip

49418-1111

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1482920.00

Current Approval Amount

1482920.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

GRANDVILLE

Project County Name

KENT

Project State

MI

Project Zip

49418-1111

CD

MI-02

Jobs Reported

126

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1482920.00

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

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1494289.05

Forgiveness Date

01/25/2021

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