PPP Loan information for Highpoint auto & truck center inc

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

HIGHPOINT AUTO & TRUCK CENTER INC

Borrower Address

7555 US HIGHWAY 131

Borrower City

CADILLAC

Borrower State

MI

Borrower Zip

49601-8439

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

568390.00

Current Approval Amount

568390.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CADILLAC

Project County Name

WEXFORD

Project State

MI

Project Zip

49601-8439

CD

MI-04

Jobs Reported

46

NAICS Code

551112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

9423.00

Payroll Proceed

454714.00

Mortgage Interest Proceed

0.00

Rent Proceed

28000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

24325.00

Debt Interest Proceed

51928

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

572111.79

Forgiveness Date

12/09/2020