Date Approved
04/14/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
CAR ZONE INC.
Borrower Address
1370 East M 89
Borrower City
OTSEGO
Borrower State
MI
Borrower Zip
49078
Loan Status Date
01/12/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
295015.00
Current Approval Amount
122728.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
23955
Servicing Lender Name
Horizon Bank
Servicing Lender Address
515 Franklin Sq
Servicing Lender City
MICHIGAN CITY
Servicing Lender State
IN
Servicing Lender Zip
46360-3328
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
ALLEGAN
Project State
Project Zip
49078-0011
CD
MI-04
Jobs Reported
30
NAICS Code
441120
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
12272.00
Payroll Proceed
98182.00
Mortgage Interest Proceed
Rent Proceed
12274.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
123454.28
Forgiveness Date
12/08/2020