PPP Loan information for Broadmoor motor sales, inc.

$374,300

Broadmoor motor sales, inc. was initially approved for PPP Loan of amount $374,300, the current approved amount is $374,300. The loan was approved on 04/09/2020 by The United Bank of Michigan reported 28 jobs and $374,300 was used to fund payroll.

Broadmoor motor sales, inc. is Existing or more than 2 years old

PPP Loan Search / MI / CALEDONIA / Broadmoor motor sales, inc.

BROADMOOR MOTOR SALES, INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

BROADMOOR MOTOR SALES, INC.

Borrower Address

6890 BROADMOOR AVE SE

Borrower City

CALEDONIA

Borrower State

MI

Borrower Zip

49316-8392

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

374300.00

Current Approval Amount

374300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36555

Servicing Lender Name

United Bank of Michigan

Servicing Lender Address

900 E Paris Ave SE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49546-3676

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CALEDONIA

Project County Name

KENT

Project State

MI

Project Zip

49316-8392

CD

MI-03

Jobs Reported

28

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

13813.33

Payroll Proceed

279540.00

Mortgage Interest Proceed

0.00

Rent Proceed

62533.33

Refinance EIDL Proceed

0.00

Health Care Proceed

18413.34

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36555

Originating Lender

United Bank of Michigan

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

376628.98

Forgiveness Date

11/30/2020

;