PPP Loan information for Classic auto dealer, llc

$1,022,900

Classic auto dealer, llc was initially approved for PPP Loan of amount $1,022,900, the current approved amount is $1,022,900. The loan was approved on 04/04/2020 by The Lake Forest Bank & Trust Company, National Association reported 110 jobs and $1,022,900 was used to fund payroll.

Classic auto dealer, llc is Existing or more than 2 years old

PPP Loan Search / IL / WAUKEGAN / Classic auto dealer, llc

CLASSIC AUTO DEALER, LLC

Date Approved

04/04/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

CLASSIC AUTO DEALER, LLC

Borrower Address

425 N Green Bay Road

Borrower City

WAUKEGAN

Borrower State

IL

Borrower Zip

60085-3100

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1022900.00

Current Approval Amount

1022900.00

Undisbursed Amount

0.00

Franchise Name

Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement

Servicing Lender Location Id

117732

Servicing Lender Name

Lake Forest Bank & Trust Company, National Association

Servicing Lender Address

727 N Bank Ln

Servicing Lender City

LAKE FOREST

Servicing Lender State

IL

Servicing Lender Zip

60045-1887

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WAUKEGAN

Project County Name

LAKE

Project State

IL

Project Zip

60085-3100

CD

IL-10

Jobs Reported

110

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12786.25

Payroll Proceed

767175.00

Mortgage Interest Proceed

0.00

Rent Proceed

242938.75

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

117732

Originating Lender

Lake Forest Bank & Trust Company, National Association

Originating Lender City

LAKE FOREST

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1029662.51

Forgiveness Date

12/09/2020

;