PPP Loan information for Karl chevrolet inc

$5,271,947

Karl chevrolet inc was initially approved for PPP Loan of amount $5,271,947, the current approved amount is $5,271,947. The loan was approved on 04/11/2020 by The Ally Bank reported 472 jobs and $5,271,947 was used to fund payroll.

Karl chevrolet inc is Existing or more than 2 years old

PPP Loan Search / IA / ANKENY / Karl chevrolet inc

KARL CHEVROLET INC

Date Approved

04/11/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

KARL CHEVROLET INC

Borrower Address

1101 SE ORALABOR RD

Borrower City

ANKENY

Borrower State

IA

Borrower Zip

50021-3950

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5271947.00

Current Approval Amount

5271947.00

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

426652

Servicing Lender Name

Ally Bank

Servicing Lender Address

200 W Civic Center Dr

Servicing Lender City

SANDY

Servicing Lender State

UT

Servicing Lender Zip

84070-4207

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ANKENY

Project County Name

POLK

Project State

IA

Project Zip

50021-3950

CD

IA-03

Jobs Reported

472

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

5271947.00

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

Subchapter S Corporation

Originating Lender Location Id

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

5333599.49

Forgiveness Date

06/15/2021

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